Question

You are given the following information about DWWR Ltd: - 130,000 common shares outstanding on Jan...

You are given the following information about DWWR Ltd:

- 130,000 common shares outstanding on Jan 1 2017

- 12,000 shares sold on March 1 2017

- 11,000 shares sold on Sept 1, 2017

-10% stock dividend issued on Oct 1 2017

-DWWR has agreed to issue an additional 10,000 shares to prior shareholders if a lawsuit outstanding is resolved for less than $125,000. This lawsuit was resolved Nov 1,2017 for $50,000. Shares were issued Dec 1, 2017.

Calculate the weighted average number of shares outstanding for DWWR for the year ended Dec 31,2017. Round to the nearest whole number.

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