Nest Co. issued 100,000 shares of commonstock. Of these, 5,000 were held as treasury stock at December 31, Year 1.During Year 2, transactions involving Nest's common stock were as follows: May 3 1,000 shares of treasury stock were sold. August 6 10,000 shares of previously unissued stock were sold. November 18 A 2-for-1 stock split took effect. Laws in Nest's state of incorporation protect treasury stock from dilution. At December 31, Year 2, how many shares of Nest's common stock were issued and outstanding?
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