FULL SCREEN RACE NE On January 1, 2020, Crane Ltd. had 570,000 common shares outstanding. During 2020, it had the following transactions that affected the common share account: Feb. 1 Issued 154,000 shares. Mar. 1 Issued a 16% stock dividend. May 1 Acquired 164,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 78,000 shares. The company's year end is December 31. Determine the weighted average number of shares outstanding us at December 31, 2020. (Round answer to decimal places 2.0 5.275.) Weighted average number of shares outstanding shares LINK TO TEXT Assume that Crane eamed net income of $3,840,000 during 2020. In addition, it had 80,000 of 11 $100 par, non convertible, non-cumulative preferred the outstanding for the entire vear. Because of liquidity limitations, however, the company did not declare and pay a preferred divided in 2020. Calculate earnings per share for 2020, using the weighted average number of shares determined above. (Round answer to decimalu.. 15.25 Earnings per share LETOX TO TEXT