At January 1, 2022, Morgan Inc. had 166,667 common shares outstanding. No other class of shares have been issued. On June 30 , the corporation issued 55,000 new shares to raise additional capital. On November 30 , the corporation purchased on the open market 22,167 of its own shares at $99.00 each and retired them. On January 15, 2023 Morgan declared and issued a 1.67 for 1 stock split. Morgan's audited financial statements were released to its shareholders on March 15, 2023. Instructions Calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2022