Carla Vista Corporation Ltd. has the capital structure shown below at the following fiscal years ended December 31: 2022 510,000 30,000 $1,000,000 Number of common shares Number of non-convertible, non-cumulative preferred A shares Amount of 6% convertible bonds The following additional information is available. 1. On July 31, 2023, Carla Vista exchanged common shares for a large piece of equipment. This was the only transaction that resulted in issuance of common shares in 2023. 2023 660,000 30,000 $1,000,000 2. Income before discontinued operations for 2023 was $1,500,000, and a loss from discontinued operations of $200,000 was recorded, net of applicable tax recovery. During 2023, dividends in the amount of $4 per share were paid on the preferred A shares. Each $1,000 bond can be converted into 25 common shares. There were unexercised stock options, outstanding since 2020, that allow holders to purchase 20,000 common shares at $4 per share. 3. 4. 5. 6. Written warrants to purchase 10,000 common shares at $7 per share were outstanding at the end of 2022, and no warrants were exercised in 2023. 7. The average market value of the common shares in 2023 was $5. 8. Carla Vista's tax rate is 20%. Carla Vista declared and paid a $10,000 dividend to common shareholders on June 1, 2023. 9. Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended December 31, 2023. Weighted average number of common shares shares