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Richman Company had 100,000 shares of common stock outstanding as of January 1, 2017. The following common stock transactions occurred during 2017. March 1 Issued

Richman Company had 100,000 shares of common stock outstanding as of January 1, 2017. The following common stock transactions occurred during 2017.

March 1

Issued 20,000 shares for cash

June 1

Issued a 10% stock dividend

Sept 1

Reacquired 10,000 shares as treasury stock

Nov 1

Sold the 10,000 treasury shares for cash.

Compute the weighted-average common shares for 2017.

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