1. A company has 30,000 shares of common stock issued on January 16,000 shares are issued on June 1. 4000 shares are purchased on September 1. There is a 3-for-1 stock split on November 1. 3000 shares of treasury stock are issued on December 1. The weighted average shares of common stock is

1. 52,250
2. 114,250
3. 93,250
4. 110,750