Weighted Average Shares

At the beginning of Year $4,$ Hardin Company had $320,000$ shares of $$10$ par common stock outstanding. During the year, it engaged in the following transactions related

to its common stock:

March $1$ Issued $49,000$ shares of stock at $$25$ per share.

June $1$ Issued a $15\%$ stock dividend.

July $1$ Issued $12,000$ shares of stock at $$30$ per share.

Aug. $31$ Issued a $2-$for$-1$ stock split on outstanding shares, reducing the par value to $$5$ per share.

Oct. $31$ Reacquired $100,000$ shares as treasury stock at a cost of $$33$ per share.

Nov. $30$ Reissued $47,000$ treasury shares at a price of $$36$ per share.

Required:

Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer

for the number of shares to nearest whole number.

shares

Determine the number of common shares outstanding at December $31,$ Year $4.$

X shares