Exercise 16-15 (Part Level Submission) Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,096,000 shares of $12 par common stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newtons common stock activities

1. Number of common shares issued and outstanding at December 31, 2012 2,456,000

2. Shares issued as a result of a 12% stock dividend on September 30, 2013 294,720

3. Shares issued for cash on March 31, 2014 2,142,000

Number of common shares issued and outstanding at December 31, 2014 = 4,892,720

4. A 2-for-1 stock split of Newtons common stock took place on March 31, 2015

A) Compute the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement.

_____________ Shares