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 720,000 Mar. 1, 2018, Purchase of treasury shares (67,200) 652,800 June 1, 2018, Stock split 2-1 652,800 1,305,600 Nov. 1, 2018, Issuance of shares 240,000 1,545,600 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 190,000 shares of common (adjusted for split). $950,000 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). 93,000 shares Part 1 Compute weighted average shares outstanding for 2018. Weighted average shares outstanding eTextbook and Media Attempts: 0 of 2 used Save for LaterSubmit Answer Part 2 Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $ eTextbook and Media Attempts: 0 of 2 used Save for LaterSubmit Answer Part 3 Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Diluted earnings per share $