Transactions involving the common stock account of Higrade Gas Company during the 2-year period 2013 to 2014

Question:

Transactions involving the account of Higrade Gas Company during the 2-year period 2013 to 2014 were as follows:
2013
Jan. 1 Had a balance of 200,000 shares of $10 par common stock.
Apr. 1 Converted $2,500,000 of convertible bonds with 50 shares issued for each $1,000 bond.
July. 1 Declared a 10% stock dividend.
Oct. 1 Employees exercised options to purchase 7,000 shares for $20 a share.
2014
Apr. 1 Declared a 2-for-1 stock split.
Oct. 1 Sold 170,000 shares for $30 a share.
From the information given, compute the comparative number of weighted-average shares outstanding for 2013 and 2014 to be used for basic EPS computations at the end of 2014.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...