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Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,047,000 shares of $12 par common stock. At no time

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,047,000 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

2,488,000

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

298,560

3. Shares issued for cash on March 31, 2014

2,026,000

Number of common shares issued and outstanding at December 31, 2014

4,812,560

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.

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