Question: Will Rate! Read before answering this chegg question. Please answer through A. to D. I Would highly appreciate it if it was easy to read

Will Rate! Read before answering this chegg question. Please answer through A. to D. I Would highly appreciate it if it was easy to read and calculations are presented on how to obtain each answer.

Will Rate! Read before answering this chegg question. Please answer through A.

E16.15 (LO 4) (Weighted-Average Number of Shares) Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,ooo,ooo share. stock. At no time has Newton issued any potentially dilutive securities. Listed below is a summary of Newton'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 2,000,000 4. A 2-for-1 stock split of Newton's common stock took place on March 31,2021 Instructions 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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