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Assume that the following data relative to Cullumber Company for 2021 is available: $2,770,000 Change (51,600) 688,400 228,000 Cumulative 740,000 688,400 1,376,800 1,604,800 Net Income

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Assume that the following data relative to Cullumber Company for 2021 is available: $2,770,000 Change (51,600) 688,400 228,000 Cumulative 740,000 688,400 1,376,800 1,604,800 Net Income Transactions in Common Shares Jan. 1.2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares 6% Cumulative Convertible Preferred Stock Sold at par convertible into 210.000 shares of common (adjusted for split). Stock Options Exercisable at the option price of $25 per share. Average market price in 2021, $30 (market price and option price adjusted for split). $1.050,000 96,000 shares (a1) Compute weighted average shares outstanding for 2021. Weighted average shares outstanding

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