Exercise 14-17 - At December 31, 2020, Crane Corporation has 2,400 shares of $107 par value, 9%, preferred stock outstanding and 110,000 shares of $10 per value common stock issued Crane's net income for the year is $241,000 Compute the earnings per share of common stock under the following independent situations. (Round answer to 2 decimal places... 10.50.) (*) The dividend to preferred stockholders was declared. There has been no change in the number of shares of common stock outstanding during the you Earnings per share of common stock (b) The dividend to preferred stockholders was not declared. The preferred stock is cumulative. Crane held 10,500 shares of common treasury stock throughout the year. Earnings per share of common stock