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.

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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