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Splish Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,510,000 shares of $10 par common stock. At no time
Splish Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,510,000 shares of $10 par common stock. At no time has Splish issued any potentially dilutive securities. Listed below is a summary of Splish's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2018 2. Shares issued as a result of a 10% stock dividend on September 30, 2019 3. Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 4. A2-for-1 stock split of Splish's common stock took place on March 31, 2021 2,060,000 206,000 1,890,000 4,156,000 Required: a. Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. b. Compute the weighted-average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. c. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2020 on the 2021 comparative income statement. d. Compute the weighted-average number of common shares to be used in computing earnings per common share for 2021 on the 2021 comparative income statement
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