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Oriole Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,370,000 shares of $12 par common stock. At no time

Oriole Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,370,000 shares of $12 par common stock. At no time has Oriole issued any potentially dilutive securities. Listed below is a summary of Orioles common stock activities.

1. Number of common shares issued and outstanding at December 31, 2015

1,990,000

2. Shares issued as a result of a 12% stock dividend on September 30, 2016

238,800

3. Shares issued for cash on March 31, 2017

2,000,000

Number of common shares issued and outstanding at December 31, 2017

4,228,800

4. A 2-for-1 stock split of Orioles common stock took place on March 31, 2018

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Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement. shares Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income statement. 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

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