Crane Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Crane issued 19,800 shares in exchange for equipment. On July 1, Crane repurchased and cancelled 12,000 shares. On October 1, 2020, Crane declared and issued a 9% stock dividend. Calculate the weighted average number of shares outstanding for Crane for the year ended December 31, 2020. (Round answer to 0 decimal places, e.g. 5,275.)

Weighted average number of shares outstanding = shares