What is the weighted average number of shares outstanding

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On January 1, 20X5, Solace Medical Corp. (SMC) has 85,000 common shares outstanding. The following transactions, affecting the share structure, occurred during the year:

April 1: SMC issued 52,000 common shares.
July 1: SMC issued a 25% stock dividend.
September 1: SMC issued a 2-for-1 stock split.
October 1: SMC repurchased and cancelled 35,000 common shares.

Problem 1: What is the weighted average number of shares outstanding (WASO) as at December 31, 20X5?

Option 1: 189,458

Option 2: 203,333

Option 3: 258,750

Option 4: 301,250

Reference no: EM132707450

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