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The following information is available for Waterway Industries: January 1, 2021 Shares outstanding 3970000 April 1, 2021 Shares issued 631000 July 1, 2021 Treasury shares

The following information is available for Waterway Industries: January 1, 2021

Shares outstanding 3970000

April 1, 2021 Shares issued 631000

July 1, 2021 Treasury shares purchased 131000

October 1, 2021 Shares issued in a 100% stock dividend 4470000

The number of shares to be used in computing earnings per common share for 2021 is

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