Exercise 16-15 Buffalo Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,770,000 shares of $10 par common stock. At no time has Buffalo issued any potentially dilutive securities. Listed below is a summary of Buffalo's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2015 2. Shares issued as a result of a 10% stock dividend on September 30, 2016 3. Shares issued for cash on March 31, 2017 2,050,000 205,000 1,910,000 4,165,000 Number of common shares issued and outstanding at December 31, 2017 A 2-for-1 stock split of Buffalo's common stock took place on March 31, 2018 4. Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement. shares LINK TO TEX Compute the weighted-average number of common shares used in com puting earnings per common share for 2016 on the 2017 comparative income statement shares LINK 10 EXI Compute the weighted-average number of common shares used in computing earnings per conimon share for 2017 on the 2017 comparative income statement shares LINK TO TEXT udy 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 shares