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Crane Corporation has outstanding at December 31, 2022.49.500 shares of $18 par value, cumulative, 8% preferred stock and 200,500 shares of $8 par value common
Crane Corporation has outstanding at December 31, 2022.49.500 shares of $18 par value, cumulative, 8% preferred stock and 200,500 shares of $8 par value common stock. All shares were outstanding the entire year. During 2022, Crane earned total revenues of $1,980,000 and incurred total expenses (except income taxes) of $1,190,000. Crane's income tax rate is 20%. (a1) Calculate Crane's 2022 net income. Net Income $ eTextbook and Media Save for Later (a2) Caculate Crane's 2022 preferred dividends. Preferred dividends $ Attempts: 0 of 3 used Submit Answer (a2) Caculate Crane's 2022 preferred dividends. Preferred dividends $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (a3) Compute Crane's 2022 earnings per share. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $
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