Exercise 16-15 Sheridan Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 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. 1. Number F common shares issued and outstanding at December 31, 2015 2,040,000 2 Shares issued as a result of 12% stock dividend on September 30, 2016 244,800 3 Shares issued for cash on March 31, 2017 1,870,000 Number of common shares issued and outstanding at December 31, 2017 4,154,800 A 2-for-1 stock split of Sheridan's common stock took place on March 31, 2018 4 Compute the weighted-average number of common shares used computing earnings per common share for 2016 on the 2017 comparative income statement. shares computing earnings per common share for 2017 on the 2017 comparative income statement Compute the weighted-average number of common shares used shares 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 Compute the weighted-average number of common shares to be used in computing earnings per common share for 2018 on the 2018 comparative income statement. shares