Given the Following Facts, Compute the Weighted Average Number of Shares

Given the following facts, compute the weighted average number of shares as of 31 December 20X1 for AdriaticAirlines. On 1 January 20X1, the company had 100,000 shares outstanding. On February 14, the company issued mandatorily convertible debt that was converted to 17,000 shares on November 1. On March 1, the company issued 12,000 shares as part of a settlement to a class action lawsuit brought by passengers from a rough landing during inclement weather. The settlement was finalized on June 30. The company issued 14,000 ordinary shares on August 1 to acquire a long-haul jumbo jet. The acquisition was finalized and the company took possession of the plane on February 2, 20X2. On October 15, the company repurchased 15,000 shares.

A) 128,583
B) 124,000
C) 117,750
D) 117,042
E) 111,542