Questions 16 and 17 are based on the following information.

Newton Inc. uses a calendar year for financial reporting. Listed below is a summary of Newton's common stock activities.

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

3,000,000

Shares issued as a result of a 20% stock dividend on September 30, 2019

600,000

Shares issued for cash on March 31, 2020

1,200,000

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

4,800,000

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

a. 3,000,000

b. 3,600,000

c. 3,150,000

d. 2,700,000

Your answer is _________________