Bridgewater Company reported the following data for 2022.

Net income, $6,216,000.

Common shares outstanding at the beginning of the year were 2,400,000. The company issued 600,000 additional new shares of common stock on October 1.

Nonconvertible non-cumulative preferred stock, $100 par, 6% dividend per share per year, 300,000 shares outstanding all year. No dividends were declared during 2022.

Convertible bonds, $3,000,000 face value, were issued at par in 2019. The bonds mature in 2029. The interest rate on the bonds is 5%. The bonds are convertible into 500,000 shares of common stock.

The income tax rate is 25%.

The companys fiscal year ends December 31.

Required:

Calculate the weighted average number of common shares outstanding for 2022.