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WaterwayInc. uses a calendar year for financial reporting. The company is authorized to issue9,720,000shares of $10par common stock. At no time hasWaterwayissued any potentially dilutive

WaterwayInc. uses a calendar year for financial reporting. The company is authorized to issue9,720,000shares of $10par common stock. At no time hasWaterwayissued any potentially dilutive securities. Listed below is a summary ofWaterway's common stock activities.

1.Number of common shares issued and outstanding at December 31, 2018 1,910,000

2.Shares issued as a result of a10% stock dividend on September 30, 2019 191,000

3.Shares issued for cash on March 31, 2020 1,830,000

Number of common shares issued and outstanding at December 31, 2020 3,931,000

4.A 2-for-1 stock split ofWaterway's 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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