Rayleigh Corporation started 2020 with 600,000 common shares outstanding. Rayleigh follows IFRS. During 2020, Rayleigh completed the following share transactions:
June 30: Repurchased 100,000 shares
July 31: Issued 200,000 shares
August 31: 2 for 1 stock split
October 31: Issued 200,000 shares
Calculate the weighted average number of shares outstanding for 2020. Use a table to show your calculations. Clearly indicate your final answer.