Blue Spruce Limited reported profit of $$472,686$ for its November $30,2024,$ year end. Cash dividends of $$63,700$ on the common shares and $$60,000$ on the noncumulative preferred shares were declared and paid during the year. The following information is available regarding Blue Spruce's common shares:

Dec. $1,2023$ The opening number of common shares was $55,100.$

Feb. $28,2024$ Sold $8,800$ common shares for $$220,000$ cash.

May $31,2024$ Reacquired $4,400$ common shares for $$101,200$ash$.$

Nov. $1,2024$ Issued $13,200$ common shares in exchange for land with a fair value of $$280,000.$

$($a$).$

Question Part Score

$\frac{2}{2}$

$($b$)$

Calculate the weighted average number of common shares for the year.

Weighted average number of shares