At the beginning оf 2024, PWS Cоrpоrаtion hаd 100,000 shаres of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative, nonconvertible preferred stock outstanding. In addition:On February 28, 2024, PWS purchased 24,000 shares of common stock on the open market as treasury stock paying $20 per share. On June 30, 2024, PWS declared and issued a 2-for-1 stock split on outstanding common stock. On September 30, 2024, PWS sold 6,000 treasury shares for $22 per share. Net income for 2024 was $180,905.Required:Compute the weighted average number of shares to be used in computing earnings per share for 2024. Be sure to show all your work.
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