XYZ Inc had 74,250 common shares outstanding on January 1. On March 1, the company issued 35,290 shares in exchange for equipment. On July 1, the company repurchased and cancelled 17,640 shares. On October 1, the company declared and issued its 12.43% stock dividend. Calculate the weighted average number of shares outstanding for the year ended December 31.

Question 12 options:

	101,295
	103,961
	106,627
	109,292
	111,958