I need help ASAP. Thank you. Exercise 16-16 (Part Level Submission) On January 1

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I need help ASAP. Thank you.

Exercise 16-16 (Part Level Submission) On January 1, 2018, Metlock Corp. had 497,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 ssued 114,000 shares March 1 May 1 June 1 October 1 sued 61,000 shares of treasury stock Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding Click if you would like to show Work for this question: Qpen Show Work Attempts: o of 3 used SAVE FOR LATER SUBHIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above

Explanation / Answer

Calculation of weighted average number of shares outstanding as of December 31,2018 Date No.of shares outstanding Weights Weighted Average Jan.1,2018 497000                   0.08                          41,417 Feb.1,2018 611000                   0.08                          50,917 Mar.1,2018 672100                   0.17                        112,017 May 1,2018 570100                   0.08                          47,508 June 1,2018 1710300                   0.33                        570,100 Oct.1,2018 1771300 0.25                        442,825 Weighted Average No.of shares outstanding                    1,264,783

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