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Question - Whitt Swimwear & Accessories had the following transactions related to common shares in 2022:
January 1 - 25,000 common shares outstanding
March 1 - sold an additional 50,000 shares on the open market at $25 per share
May 1 - issued a 20% stock dividend
August 1 - purchased and retired 28,000 shares
November 1 - sold an additional 40,000 shares for $30 per share
Required - What is Whitt weighted average number of shares outstanding for 2022?
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