WHERE ARE ALL THE NUMBERS THAT ARE ON THE EXPLANATION SECTION COMING FROM

PLEASE EXPLAIN

The Heath Corporation reported net income for 2018 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 2018 is Multiple Choice O 100,000 102,500. 0 105,000 O 110,000 Explanation Weighted average shares outstanding: 100,000 x 9/12 110,000 x 3/12 Total = 75,000 = 27,500 102,500