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Sunland Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020,...

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Accounting

Sunland Limited had 42,000 common shares outstanding on January 1, 2020. On March 1, 2020, Sunland issued 19,200 shares in exchange for equipment. On July 1, Sunland repurchased and cancelled 12,000 shares. On October 1, 2020, Sunland declared a 5for1 stock split. Calculate the weighted average number of shares outstanding for Sunland for the year ended December 31, 2020.

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