On January $1,2023,$ Manfred Manufac$-$ turers had $300,000$ common shares outstanding. On April $1,$ the corporation issued $30,000$ new com$-$ mon shares to raise additional capital. On July $1,$ the corporation declared and distributed a $10\%$ stock dividend on its common shares. On November $1,$ the corporation repurchased on the market $10,000$ of its own outstanding common shares to make them available for issuances related to its key executives$$ outstanding stock options.

Instructions

$1.$ Calculate the weighted average number of shares outstanding as at December $31,2023.$ Round to the nearest share.

$2.$ Assume that Manfred Manufacturers had a $1-$for$-10$ reverse stock split instead of a $10\%$ stock divi$-$ dend on July $1,2023.$ Calculate the weighted average number of shares outstanding as at December $31,2023.$ Round to the nearest share.