Cheyenne Inc. had $432000$ shares of common stock issued and outstanding at December $31,2020.$ On July $1,2021$ an additional

$201000$ shares were issued for cash. Cheyenne also had stock options outstanding at the beginning and end of $2021,$ which allow the

holders to purchase $60100$ shares of common stock at $$28$ per share. The average market price of Cheyenne's common stock was $$35$

during $2021.$ The number of shares to be used in computing diluted earnings per share for $2021$ is

$304480.$