I am trying to compute the weighted average common shares outstanding from
This information:



KERSENBROCK CORPORATION





Balance Sheets






December 31







2009



2008



2007





Cash

$ 25,000



$ 20,000



$ 18,000





Receivables (net)

50,000



45,000



48,000





Other current assets

90,000



95,000



64,000





Investments

75,000



70,000



45,000





Plant and equipment (net)


400,000




370,000




358,000








$640,000




$600,000




$533,000





















Current liabilities

$ 75,000



$ 80,000



$ 70,000





Long-term debt

80,000



85,000



50,000





Common stock, $10 par

340,000



310,000



300,000





Retained earnings


145,000




125,000




113,000








$640,000




$600,000




$533,000








KERSENBROCK CORPORATION





Income Statement






For the Year Ended December 31







2009



2008





Sales

$740,000



$700,000





Less: Sales returns and allowances


40,000




50,000





Net sales

700,000



650,000





Cost of goods sold


420,000




400,000





Gross profit

280,000



250,000





Operating expenses (including income taxes)


235,000




220,000





Net income


$ 45,000




$ 30,000



Additional information:
1.
The market price of Kersenbrock's common stock was $4.00, $5.00, and $8.00 for 2007, 2008, and 2009, respectively.

2.
All dividends were paid in cash.