Green Company had the following activity in common stock during 2020.

January 1 120,000 shares issued and outstanding

March 1 issued 24,000 shares for cash

July 1 purchased 12,000 shares as treasury stock

Nov. 1 issued 48,000 for cash

Dec. 31 declared and issued a 10% stock dividend

What is the weighted average shares outstanding to be used in the calculation for

earnings per share?