Ivanhoe Limited had 41,400 common shares outstanding on January 1, 2020. On March 1, 2020, Ivanhoe issued 19,200 shares in exchange for equipment. On July 1, Ivanhoe repurchased and cancelled 11,400 shares. On October 1, 2020, Ivanhoe declared and issued a 9% stock dividend. Calculate the weighted average number of shares outstanding for Ivanhoe for the year ended December 31, 2020. (Round answer to O decimal places, e.g. 5,275.) shares Weighted average number of shares outstanding