Exercise 17-2 Crane Inc. is publicy traded and uses a calendar year for financial reporting. The company Crane's common share activities: authorized to issue 10 million common shares. At no time has Crane issued any potentially dilutive securities. The following list is a summary of Number of common shares issued and outstanding at December 31, 2015 6,500,000 Shares issued as a result of a 5% stock dividend on September 30, 2016 325,000 Shares issued for cash on March 31, 2017 2,480,000 Number of common shares issued and outstanding at December 31, 2017 9,305,000 Crane issued its 2017 finandial statements on February 28, 2018. A 2-for-1 stock split of Crane's common shares occurred o March 31, 2018. Calculate the welghted average number of common shares to use in calculating earnings per common share for 2016 on the 2016 comparative Income statement. Weighted average number of common shares shares Calculate the weighted average number of common shares to use in calculating earnings per common share for 2016 on the 2017 comparative income statement. Welghted average number of common shares: shares or 2017 on the 2017 comparative incorme statement. Calculate the weighted average number of common shares to use in calculating carnings per common share Weighted average number of common shares shares Calculate the weighted average number of common shares to use in calculating earnings per common share 2017 on the 2018 comparative income statement. Weighted average number of common shares shares Calculate the weighted average number of common shares to use in calculating earnings per common share for 2018 an the 2018 comparative income statement, Weighted average number common shares shares