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Orole Limited had 42,900 common shares outstanding on January 1, 2020. On March 1, 2020, Orole issued 18,900 shares in exchange for equipment. On July
Orole Limited had 42,900 common shares outstanding on January 1, 2020. On March 1, 2020, Orole issued 18,900 shares in exchange for equipment. On July 1, Orole repurchased and cancelled 11,700 shares. On October 1, 2020, Orole declared and issued a 12% stock dividend. Calculate the weighted average number of shares outstanding for Orole for the year ended December 31, 2020. (Round answer to 0 decimal places, e.g. 6,785.)
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