On December 31,2022, Sandhill Corporation had 141,600 common shares outstanding. On April 30, 2023, the company issued an additional 48,800 common shares for cash, On July 31,2023, the company repurchased and cancelled 20,000 common shares. During theyear ended December 31,2023 , Sandhill 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 subjeqt to a 25% income tax rate. (a) Calculate the weighted average number of common shares outstanding. Weighted Average Number of Common Shares ETextbook and Media