Sandhill Limited had 41,100 common shares outstanding on January 1, 2020. On March 1, 2020, Sandhill issued 19,500 shares in exchange for equipment. On July 1, Sandhill repurchased and cancelled 11,400 shares. On October 1, 2020, Sandhill declared a 4for1 stock split. Calculate the weighted average number of shares outstanding for Sandhill for the year ended December 31, 2020.

Weighted average number of shares outstanding

enter the Weighted average number of shares outstanding shares