Blueberry Data Systems begins 2020 with 140,000 shares outstanding. On April 2, they issue another 40,000 shares. On September 1, they re-purchase and retire 12,000 shares. Fill out the following chart and calculate the Weighted Average number of shares outstanding.

Period Outstanding Fraction of Weighted

Shares Year Average

Jan-Mar Blank 1 Blank 2 / 12 Blank 3

Apr-Aug Blank 4 Blank 5 / 12 Blank 6

Sep-Dec Blank 7 Blank 8 / 12 Blank 9

Weighted average outstanding shares Blank 10