On January 1, 2018, Barbara Lee Innovations Inc.’s (BLI) share capital included 220,000 issued ordinary shares of which 200,000 were outstanding. On February 1, 2018, the company declared and distributed a three-for-one stock split. On March 1, 2018, BLI issued an additional 60,000 shares, 20,000 of which were from treasury. On October 1, 2018, BLI issued an additional 40,000 ordinary shares. On December 1, 2018, BLI declared and distributed a 30% stock dividend.

Required:

Determine the weighted average number of ordinary shares outstanding in 2018.