Exercise 16-15 (Part Level Submission) Novak 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 Novak issued any potentially dilutive securities. Listed below is a summary of Novak's 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 Novak's common stock took place on March 31, 2021 (a) Exercise 16-15 (Part Level Submission) Novak 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 Novak issued any potentially dilutive securities. Listed below is a summary of Novak's common stock activities. Number of common shares issued and outstanding at December 31, 2018 2,060,000 Shares issued as a result of a 10% stock dividend on September 30, 2019 206,000 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 Novak's common stock took place on March 31, 2021 1 2 3. (a) Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative Income statement shares Click if you would like to show Work for this question: Open Show Work