On January 1, Yin Co. had 100,000 shares of common stock outstanding. Ayin issued a 20% stock dividend on March 15. On July 1, Ayin purchased 10,000 shares of its common stock and recorded the purchase using the par value method. On October 1, Ayin issued 14,000 shares for cash. What number of shares should be used in computing earnings per share for the year ended December 31?

A.120,000

B.124,000

C.114,833

D.118,500