Gradebook ORION Downloadable eTextbook blATt ACOOUNT?NG (ACCT 201-202) RESOURCES omework Exercise 16-15 Crane Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,640,000 shares of $10 par common stock. At no time has Crane issued any potentially dilutive securities. Listed below is a summary of Crane's common stock activities. 1. Number of common shares issued and outstanding at December 31, 2015 2. -Shares issued as a result of a 10% stock dividend on September 30, 2016 3. Shares issued for cash on March 31, 2017 2,140,000 214,000 2,160,000 4,514,000 Number of common shares issued and outstanding at December 31, 2017 A 2-for-1 stock split of Crane's common stock took place on March 31, 2018 -15 Compute the weighted-average number of common shares used in computing earnings per common share for 2016 on the 2017 comparative income statement shares Compute the weighted-average number of common shares used in computing earnings per common share for 2017 on the 2017 comparative income s tatement shares Compute the weighted-average number of common shares to be used in computing earnings per common share for 2017 on the 2018 comparative income statement shares 424 Al Rights Reserved. A DiViSion of John oley&.Sans ns