Crane Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2025, and May 31, 2026. The income from operations for the fiscal year ended May 31, 2025, was $1,772,000 and income from continuing operations for the fiscal year ended May 31, 2026, was $2,440,000. In both years, the company incurred a 9% interest expense on $2,385,000 of debt, an obligation that requires interest-only payments for 5 years. The company experienced a loss from discontinued operations of $585,000 in February 2026. The company uses a 20% effective tax rate for income taxes. The capital structure of Crane Corporation on June 1, 2024, consisted of 977,000 shares of common stock outstanding and 20,100 shares of $50 par value, 6%, cumulative preferred stock. There were no preferred dividends in arrears, and the company had not issued any convertible securities, options, or warrants. On October 1, 2024, Crane sold an additional 475,000 shares of the common stock at $20 per share. Crane distributed a 20% stock dividend on the common shares outstanding on January 1, 2025. On December 1, 2025, Crane was able to sell an additional 781,000 shares of the common stock at $22 per share. These were the only common stock transactions that occurred during the 2 fiscal years. a. Identify whether the capital structure at Crane Corporation is a simple or complex capital structure. b. Determine the weighted-average number of shares that Crane Corporation would use in calculating earnings per share for the fiscal year ended: 1. May 31, 2025: ? enter a number of shares 2. May 31, 2026: ? C. Prepare, in good form, a comparative income statement, beginning with income from operations, for Crane Corporation for the fiscal years ended