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Exercise 16-15 (Part Level Submission) Coronado Inc. uses a calendar year for financial reporting. The company is authorized to issue 8,210,000 shares of $12 par common stock. At no time has Coronado issued any potentially dilutive securities. Listed below is a summary of Coronado's common stock activities. 1. 2. Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 12% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 Number of common shares issued and outstanding at December 31, 2020 A 2-for-1 stock split of Coronado's common stock took place on March 31, 2021 2,040,000 244,800 1,870,000 4,154,800 3. 4. (a) Your answer is correct. Compute the weighted average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement. 2284800 shares Click if you would like to Show Work for this question: Open Show Work (6) Your answer is correct. Compute the weighted average number of common shares used in computing earnings per common share for 2020 on the 2020 comparative income statement. 3687300 shares Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION LINK TEXT Attempts: 1 of 3 used 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. shares Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 3 used