Assume that the $2015.$

PROBLEMS

Outdoor Recreation Products

Weighted$-$Average Number of Shares

During $2015$ and $2016,$ the following transactions took place.

$2015$

Mar. $31$ Sold $10,000$ shares at $$24.$

Apr. $26$ Paid cash dividend of $50\mathrm{.}45$ per share.

July $31$ Paid cash dividend of $$0\mathrm{.}20$ per share and issued a $$36$ stock dividend.

Now. $1$ Sold $12,000$ shares at $$25.$

Feb. $28$ Purchased $8,000$ shares of common stock to be held in treasury.

$2016$

Mar. $1$ Paid cash dividend of $$0\mathrm{.}50$ per share.

Apr. $30$ Issued four$-$for$-$one stock split.

Nov. $1$ Sold $10,000$ shares of treasury stoxk.

Dec. $20$ Declared cash dividend of $$0\mathrm{.}15$ per share.

Outdoor Recreation Products inc, has a simple capital structure.

Instructions: Compute the weighted$-$average number of shares for $2015$ and $2016$ to be used in the by computation at the end of $2016.$