On December 31, 2022, Cullumber Corporation had 140,400 common shares outstanding. On April 30, 2023, the company issued an additional 50,000 common shares for cash. On July 31, 2023, the company repurchased and cancelled 20,000 common shares. During the year ended December 31, 2023, Cumber earned income before taxes of $40,000,000. Not included in this income was a loss from discontinued operations of $5,000,000 before tax. The company was subject to a 25% income tax rate. (a) Calculate the weighted average number of common shares outstanding Weighted Average Number of Common Shares