Cullumber Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Cullumber issued 20,700 shares in exchange for equipment. On July 1, Cullumber repurchased and cancelled 11,700 shares. On October 1, 2020, Cullumber declared a 5for1 stock split. Calculate the weighted average number of shares outstanding for Cullumber for the year ended December 31, 2020.

Weighted average number of shares outstanding

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