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Riverbed Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,160,000 shares of $12 par common stock. At no time

Riverbed Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,160,000 shares of $12 par common stock. At no time has Riverbed issued any potentially dilutive securities. Listed below is a summary of Riverbeds common stock activities.

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

2,130,000

2. Shares issued as a result of a 12% stock dividend on September 30, 2019

255,600

3. Shares issued for cash on March 31, 2020

1,840,000

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

4,225,600

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

(a)

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

shares

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