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The following information is available for Oriole Inc., a company whose shares are traded on the Toronto Stock Exchange:

Net income for 2023 $149,000

Average market price of common shares during 2023 (adjusted for stock dividend) $18

December 31, 2023 (fiscal year end) market price of common shares $18

Income tax rate for fiscal year 2023 30 %

Transactions in common shares during 2023: Change Cumulative shares

Jan. 1, 2023, common shares outstanding 70,200

Mar. 1, 2023, issuance of common shares 10,200 80,400

June 1, 2023, 10% stock dividend 8,040 88,440

Nov. 1, 2023, repurchase of common shares (10,200 ) 78,240

Other information:

1. For all of the fiscal year 2023, $110,000 of 6% cumulative convertible bonds have been outstanding. The bonds were issued at par and are convertible into a total of 10,400 common shares (adjusted for the stock dividend), at the option of the holder, at any time after issuance.

2. Call stock options for 20,600 common shares have been outstanding for the entire 2023 fiscal year and are exercisable at the option price of $23 per share (adjusted for the stock dividend).

3. For all of the fiscal year 2023, $110,000 of 4% cumulative convertible preferred shares have been outstanding. The preferred shares are convertible into a total of 15,600 common shares (adjusted for the stock dividend) at the option of the holder at any time after January 2028.

(a) Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended December 31, 2023. (Round answer to 0 decimal places, e.g. 5,275.)

Weighted average number of common shares enter the weighted average number of common shares rounded to 0 decimal places shares