Exercise 17-1 On January 1, 2017, Crane Manufacturers had 490,000 common shares outstanding. On April 1, the corporation issued 49,000 new common shares to raise additional capital. On July 1, the corporation dedared and distributed a 109% stock dividend on its common shares. On November the corporation repurchased on the market 9.600 f its own outstanding common shares to make them available r issuances related to its key executives' outstanding stock options Calculate the weighted average number of shares outstanding as December 31, 2017. (Round answer to 0 decimal places, e.g. 5,255.) Weighted average number shares outstanding shares Assume that Crane Manufacturers had a 1-for-10 reverse stock split instead of a 10 % stock dividend on July 1, 2017. Calculate the weighted average number of shares outstanding as December 31, 2017. (Round answer to 0 decimal places, e.g. 5,255.) shares outstanding shares Weighted average number