Question: At January 1 , 2 0 2 3 , Carla Vista Limited's outstanding shares included the following: 2 9 4 , 0 0 0 $

At January 1,2023, Carla Vista Limited's outstanding shares included the following:
294,000$50 par value, 8%, cumulative preferred shares
900,000 commonshares
Net income for 2023 was $2,107,700. No cash dividends were declared or paid during 2023. On February 15,2024, however, all preferred dividends in arrears were paid, together with a 10% stock dividend on common shares. There were no dividends in arrears before 2023.
On April 1,2023,530,000 common shares were sold for $12 per share, and on October 1,2023,350,000 common shares were purchased for $24 per share
The financial statements for 2023 were issued in March 2024.
(a)
Calculate the weighted average number of common shares outstanding for the year ended December 31,2023.
Veighted average number of shares outstanding
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 At January 1,2023, Carla Vista Limited's outstanding shares included the following:

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