Sheridan Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Sheridan issued 20,100 shares in exchange for equipment. On July 1, Sheridan repurchased and cancelled 11,100 shares. On October 1, 2020, Sheridan declared and issued a 9% stock dividend. Calculate the weighted average number of shares outstanding for Sheridan for the year ended December 31, 2020. (Round answer to 0 decimal places, e.g. 5,275.) Weighted average number of shares outstanding