Current Attempt in Progress Crane Corporation has outstanding at December 31, 2022, 47,000 shares of $19 par value, cumulative, 8% preferred stock and 202,000 shares of $6 par value common stock. All shares were outstanding the entire year. During 2022, Crane earned total revenues of $2,010,000 and incurred total expenses (except income taxes) of $1,180,000. Crane's income tax rate is 20%. (a1) Your answer is incorrect. Calculate Crane's 2022 net income. Net Income eTextbook and Media 572700 Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 1 Attempts: 1 of 3 used Submit Answer