Using the information provided, calculate the weighted average number of common shares outstanding for 2020. • The common shares of a company were 120,000 on January 1, 2020. • On February 1, the company issued 60,000 additional shares • Another 48,000 were issued on March 1. • On April 1, the company issued 24,000 new shares. • On May 1, the company bought 36,000 treasury stock • Purchased another 36,000 treasury stock on June 1. • On July 1, declared a 20% dividend in shares. • On August 1, it issued 75,000 new shares. • On August 15, it carried out a 1.50: 1 share split. • On September 1, it issued another 18,000 shares • On December 1, it acquired 6,000 treasury stock
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