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Pharoah Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,480,000 shares of $10 par common stock. At no time

Pharoah Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,480,000 shares of $10 par common stock. At no time has Pharoah issued any potentially dilutive securities. Listed below is a summary of Pharoahs common stock activities.

1. Number of common shares issued and outstanding at December 31, 2018

1,900,000

2. Shares issued as a result of a 10% stock dividend on September 30, 2019

190,000

3. Shares issued for cash on March 31, 2020

2,130,000

Number of common shares issued and outstanding at December 31, 2020

4,220,000

4. A 2-for-1 stock split of Pharoahs common stock took place on March 31, 2021

Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement.

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