Monty Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,640,000 shares of $10 par common stock. At no time has Monty issued any potentially dilutive securities. Listed below is a summary of Monty's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2,140,000 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 214,000 3. Shares issued for cash on March 31, 2020 2,160,000 Number of common shares issued and outstanding at December 31, 2020 4,514,000 4. A 2-for-1 stock split of Monty's common stock took place on March 31, 2021 (a) Your answer is incorrect. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. eTextbook and Media Save for Later shares Attempts: 2 of 10 used Submit Answer