Howard Sports Inc. incurred the following transactions involving its common stock: January 1 Beginning balance 100,000 shares April 1 Issued for cash 6,000 shares June 1 Purchased as treasury sto

Howard Sports Inc. incurred the following transactions involving its common stock:

January 1 Beginning balance 100,000 shares

April 1 Issued for cash 6,000 shares

June 1 Purchased as treasury stock 1,200 shares

October 31 Issued for cash 9,000 shares

Required:

1. Calculate the weighted-average number of common shares outstanding for Howard Sports Inc.

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