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Culver Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,720,000 shares of $10 par common stock. At no time

Culver Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,720,000 shares of $10 par common stock. At no time has Culver issued any potentially dilutive securities. Listed below is a summary of Culvers common stock activities.

1. Number of common shares issued and outstanding at December 31, 2015

1,910,000

2. Shares issued as a result of a 10% stock dividend on September 30, 2016

191,000

3. Shares issued for cash on March 31, 2017

1,830,000

Number of common shares issued and outstanding at December 31, 2017

3,931,000

4. A 2-for-1 stock split of Culvers common stock took place on March 31, 2018

a) Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement.

b) Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement.

c) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement.

d) Compute the weighted-average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement.

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