Crane Limited had 42,300 common shares outstanding on January 1, 2017. On March 1, 2017, Crane issued 19,900 shares in exchange for equipment. On July 1, Crane repurchased and cancelled 10,900 shares. On October 1, 2017, Crane declared and issued a 11% stock dividend.

Calculate the weighted average number of shares outstanding for Crane for the year ended December 31, 2017