Exercise 16-15 (Part Level Submission) Monty Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,510,000 shares of $10 par common stock. At no time has Monty issued any potentially dilutive securities. Listed below is a summary of Montys common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,060,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 206,000 3. Shares issued for cash on March 31, 2020 1,890,000 Number of common shares issued and outstanding at December 31, 2020 4,156,000 4. A 2-for-1 stock split of Montys common stock took place on March 31, 2021 Collapse question part (a)

(a)

Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative