Crane Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 20,100 shares in exchange for equipment. On July 1, Crane repurchased and canceled 11,700 shares. On October 1, 2020, Crane declared a 5for1 stock split. Calculate the weighted average number of shares outstanding for Crane for the year ended December 31, 2020.

Weighted average number of shares outstanding