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On January 1 , 2 0 2 6 , Cullumber Corp. had 2 , 7 2 1 , 0 0 0 shares of common stock

On January 1,2026, Cullumber Corp. had 2,721,000 shares of common stock issued and outstanding. During 2026, it had the
following transactions that related to common stock.
Mar. 1 Issued 246,000 shares in exchange for land
Apr. 1 Acquired 204,000 shares of treasury stock
July 1 Issued a 20% stock dividend
Sept. 1 Reissued 244,800 shares of treasury stock
(adjusted for 20% stock dividend)
Oct. 1 Issued a 2-for-1 stock split
(a)
Determine the weighted-average number of shares outstanding as of December 31,2026.
The weighted-average number of shares outstanding
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