Central City Inc. reported $84,000 in net income in 2018. On January 1, 2018, the company had 80,000 shares of common stock. On May 1, 2018, 23,000 new shares of common stock were sold for cash. On July 1, 2018, the company declared and distributed 20% of common stock dividend. On October 1, 2018, 7,000 shares of common stock were reacquired as treasury stock. Compute Central City’s weighted average common shares outstanding for the year 2018:
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