Hurt Company experienced net income of $450,000 for the year. It declared $30,000 in preferred dividends on December 23. It began the year with...

Hurt Company experienced net income of $450,000 for the year. It declared $30,000 in preferred dividends on December 23. It began the year with 100,000 common shares outstanding. On July 1, Hunt declared a 10% common stock dividend. Compute the weighted-average common shares outstanding for the year.