1. An analyst gathers the following information about a company's common stock:
·1 January 2011 200,000 shares outstanding
·1 June 2011 50,000 shares issued
·1 August 2011  2 for I stock split
·31 December 2011500,000 shares outstanding
To calculate earnings per share for 2011, the company's weighted average number of shares outstanding is closest to: