Crane Corporation Ltd. has the capital structure shown below at the following fiscal years ended December 31:

	2023	2022
Number of common shares	840,000	690,000
Number of non-convertible, non-cumulative preferred A shares	30,000	30,000
Amount of 5% convertible bonds	$1,000,000	$1,000,000

The following additional information is available.

1.	On July 31, 2023, Crane exchanged common shares for a large piece of equipment. This was the only transaction that resulted in issuance of common shares in 2023.
2.	Income before discontinued operations for 2023 was $1,700,000, and a loss from discontinued operations of $200,000 was recorded, net of applicable tax recovery.
3.	During 2023, dividends in the amount of $4 per share were paid on the preferred A shares.
4.	Each $1,000 bond can be converted into 25 common shares.
5.	There were unexercised stock options, outstanding since 2020, that allow holders to purchase 20,000 common shares at $4 per share.
6.	Written warrants to purchase 10,000 common shares at $15 per share were outstanding at the end of 2022, and no warrants were exercised in 2023.
7.	The average market value of the common shares in 2023 was $13.
8.	Cranes tax rate is 20%.
9.	Crane declared and paid a $10,000 dividend to common shareholders on June 1, 2023.

Determine the weighted average number of common shares that would be used in calculating earnings per share for the year ended December 31, 2023.

Weighted average number of common shares

752,500shares

Calculate basic earnings per share for income from continuing operations. (Round answer to 2 decimal places, e.g. 2.45.)

Basic EPS

2.09

Calculate the proceeds from assumed exercise of 20,000 options.

Proceeds from exercise of options

Calculate incremental shares outstanding upon the exercise of options. (Round answer to 0 decimal places, e.g. 2,545.)

Incremental shares outstanding

** Please help with the bolded questions.