On January 1, 2020, Slater Corporation had outstanding 100,000 common shares. On

March 1, 2020, Slater Corporation issued an additional 15,000 common shares for cash. On

May 31, 2020, Slater Corporation received land with a current market value of $100,000 in exchange for issuing 4,000 common shares. On August 1, 2020, Slater Corporation reacquired 5,000 of its own shares by paying shareholders $25 per share. On November 1, 2020 2,000 of the repurchased shares were resold.

Compute the weighted-average number of shares outstanding to be used in the earnings per share calculation.