Crane Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At no time has Crane issued any potentially dilutive securities. The following is a summary of Crane's common share activities: Number of common shares issued and outstanding at December 31, 2018 Shares issued as a result of a 10% stock dividend on September 30, 2019 Shares issued for cash on March 31, 2020 6,770,000 677,000 2,090,000 Number of common shares issued and outstanding at December 31, 2020 9,537,000 Crane issued its 2020 financial statements on February 28, 2021. A 2-for-1 stock split of Crane's common shares occurred on March 31, 2021.