Assume that the following data relative to Kane Company for 2018 is available: Net Income $2,890,000 Transactions in Common Shares Change Cumulative Jan. 1, 2018, Beginning number 650,000 Mar. 1, 2018, Purchase of treasury shares (63,000) 587,000 June 1, 2018, Stock split 2-1 587,000 1,174,000 Nov. 1, 2018, Issuance of shares 222,000 1,396,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares of common (adjusted for split). $900,000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). 78,000 share

A)

Compute weighted average shares outstanding for 2018.

B) Compute the basic earnings per share for 2018.

C)

Compute the diluted earnings per share for 2018.