Problem:
Douglas Corporation had 131,640 shares of stock outstanding on January 1, 2014. On May 1, 2014, Douglas issued 64,080 shares. On July 1, Douglas purchased 13,800 treasury shares, which were reissued on October 1.
Required:
Question: Compute Douglas's weighted-average number of shares outstanding for 2014
Note: Please show how to work it out.