Treasure Inc. (TI) had 50,000 shares outstanding on January 1, 2020. Transactions throughout 2020 affecting its share holding as follows March 1: TI issued 40,000 shares. April 1 -TI declared and issued an 8% stock dividend on the shares. July 1: TI repurchased and canceled 30,000 shares. October 1: TI declared and issued a 3-for-l stock split on the shares. December 31: TI declared $99,600 in dividends on the shares. Net income for the year ended December 31, 2020, was $600,000. Its tax rate was 40% Required: a. What was the weighted average number of shares outstanding in 2020?