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Sunland Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Sunland issued 20,700 shares in exchange for equipment. On
Sunland Limited had 42,600 common shares outstanding on January 1, 2020. On March 1, 2020, Sunland issued 20,700 shares in exchange for equipment. On July 1, Sunland repurchased and cancelled 10,500 shares. On October 1, 2020, Sunland declared a 4-for- 1 stock split. Calculate the weighted average number of shares outstanding for Sunland for the year ended December 31, 2020. Weighted average number of shares outstanding shares
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