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State the weighted average common shares outstanding

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Question - Patriots Corp. provides the following data in the changes of common shares for the fiscal year ending December 31, 2020:

Jan 1 - Beginning weight average shares carried forward from 2019 was 1,000,000

Mar 1 - Re-purchased and cancelled 60,000 shares

Jun 1 - Shares split 2 for 1

Nov 1 - Issued 120,000 of new shares

Instructions - State the weighted average common shares outstanding as of December 31, 2020. Show all detailed calculations in proper tabulation format.

Reference no: EM132726913

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