Albatross Shipping had 100,000 shares of common stock outstanding on January 1.On September 1,Albatross issued an additional 30,000 common shares.Albatross has no treasury stock.The weighted average number of common shares outstanding for the year was ________.

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The weighted average number of shares is calculated by considering the time each share count was outstanding. For 8 months, 100,000 shares were outstanding, and for 4 months, 130,000 shares were outstanding. The calculation is: (100,000 * 8/12) + (130,000 * 4/12) = 110,000.

Albatross Shipping Had 100,000 Shares of Common Stock Outstanding on January