Attempts: 2 of 2 used (b) Assuming the preferred share dividends are one year in arrears, calculate the earnings per share if no preferred dividends are declared during the year. (Round answer to 2 decimal places, e.g. 52.75.) Earnings per share $ Save for Later Attempts: 0 of 2 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above. View Policies Show Attempt History Current Attempt in Progress The shareholders' equity accounts of Crane Ltd. on April 1, 2020, the beginning of the fiscal year, are as follows: $7 cumulative preferred shares (21,000 issued) $1,680,000 Common shares (500,000 issued) 5,000,000 Retained earnings 1,600,000 Total shareholders' equity $8,280,000 During the year, the following transactions occurred: 2020 June 1 July 1 Sept. 30 2021 Jan. 31 Mar. 31 Reacquired 12,000 common shares for $11 per share. Issued 49,000 common shares for $12 per share. Reacquired 10,000 common shares for $11.50 per share. Issued 54,000 common shares in exchange for land. The land's fair value was $648,000. Profit for the year ended March 31, 2021, was $941.000