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Purple Co. had 120,000 shares of stock outstanding on January 1, 2021. On May 1, 2021, Purple issued 60,000 shares. On July 1, Purple purchased

Purple Co. had 120,000 shares of stock outstanding on January 1, 2021. On May 1, 2021, Purple issued 60,000 shares. On July 1, Purple purchased 10,000 treasury shares, which were reissued on October 1. Compute Purples weighted-average number of shares outstanding for 2021.

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