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Ivanhoe Inc. presented the following data: Net income $ 5 , 5 9 4 , 4 0 0 Preferred shares: 6 6 , 6 0

Ivanhoe Inc. presented the following data:
Net income
$5,594,400
Preferred shares: 66,600 shares outstanding, $100 par, 8% cumulative, not convertible
$6,660,000
Common shares: Shares outstanding, Jan. 1,2023
645,000
Issued for cash, May 1,2023
120,000
Acquired treasury shares for cash, Sept. 1,2023(shares cancelled)
177,000
4-for-1 stock split, Oct. 1,2023
As at January 1,2023, there were no dividends in arrears. On December 31,2023, Ivanhoe declared and paid the preferred dividend for 2023.
(a)
Calculate the weighted average number of common shares at December 31,2023.(Round answer to 0 decimal places, e.g.5275.)
Weighted average number of shares outstanding
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