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What is the weighted average number of common shares used

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The Johnson Corporation reported net income for 2011 of $177,500. Johnson 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, Johnson sold 10,000 shares of common stock for $6 per share. Johnson paid dividends to the common shareholders in December. The weighted average number of common shares used to compute earnings per share for 2011.

a. What is the weighted average number of common shares used to compute earnings per share for 2011?

Reference no: EM13912450

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