Answer:
To determine the total number of shares outstanding, we need to divide the amount of stock issued by the stock price per share. Since the stock price is assumed to remain unchanged from last December 31st, we'll use that price.
Let's assume the stock price on December 31st was $X per share.
Total shares outstanding = Amount of stock issued / Stock price per share
Total shares outstanding = $28,000,000 / $X per share
Therefore, the total number of shares outstanding would be $28,000,000 divided by the stock price per share on December 31st.
Please note that I don't have access to real-time stock prices, so you'll need to provide the stock price on December 31st to calculate the total shares accurately.
If you have any more questions, feel free to ask!