Exercise 16-15 Sheridan Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,160,000 shares of $12 par common stock. At no time has Sheridan issued any potentially dilutive securities. Listed below is a summary of Sheridan's common stock activities. Number of common shares issued and outstanding at December 31, 2015 2,130,000 1. Shares issued as a result of a 12% stock dividend on September 30, 2016 255,600 2. Shares issued for cash on March 31, 2017 1,840,000 3. Number of common shares issued and outstanding at December 31, 2017 4,225,600 A 2-for-1 stock split of Sheridan's common stock took place on March 31, 2018 4. X Your answer is incorrect. Try again. Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement. 2,236,500|| shares LINK TO TEXT