Labonte Limited had 39,600 common shares outstanding on January 1, 2020 on March 1, 2020, Labonte issued 19,200 shares in exchange for equipment. On July 1, Labonte repurchased and cancelled 10,800 shares. Calculate the weighted average number of shares outstanding for Labonte for the year ended December 31, 2020. (Round answer to O decimal places, c.8.5,125.) Weighted average number of shares outstanding