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Weighted average shares outstanding.
On January 1, 2012, Warren Corporation had 1,000,000 shares of common
stock outstanding. On March 1, the corporation issued 150,000 new
shares to raise additional capital. On July 1, the corporation declared
and issued a 2-for-1 stock split. On October 1, the corporation
purchased on the market 600,000 of its own outstanding shares and
Compute the weighted average number of shares to be used in computing earnings per share for 2012.