Assume that the following data relative to Oriole Company for 2021 is available:

Net Income $2,830,000

Transactions in Common Shares Change Cumulative

Jan. 1, 2021, Beginning number 690,000

Mar. 1, 2021, Purchase of treasury shares (50,400) 639,600

June 1, 2021, Stock split 2-1 639,600 1,279,200

Nov. 1, 2021, Issuance of shares 246,000 1,525,200

6% Cumulative Convertible Preferred Stock

Sold at par, convertible into 210,000 shares of $1,050,000

Common (adjusted for split).

Stock Options

Exercisable at the option price of $25 per share. Average 96,000 shares

Market price in 2021, $30 (market price and option price

Adjusted for split).

(a1) Compute weighted average shares outstanding in 2021.

Weighted average shares outstanding ________________

Please do step-by-step for each process.

Don't leave anything out.