On January 1, 2017, Crane Ltd. had 600,000 common shares outstanding. During 2017, it had the following transactions that affected the common share account: Feb. 1 Issued 172,000 shares. Mar. 1 Issued a 19% stock dividend. May 1 Acquired 189,000 common shares and retired them. June 1 Issued a 3-for-1 stock split. Oct. 1 Issued 73,000 shares. The company's year end is December 31. X] Your answer is incorrect. Try again. Determine the weighted average number of shares outstanding as at December 31, 2017. (Round answer to 0 decimal places, e.g. 5,275.) 1489157 Weighted average number of shares outstanding shares Your answer is incorrect. Try again. Assume that Crane earned net income of $3,801,000 during 2017. In addition, it had 80,000 of 9%, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017 Calculate earnings per share for 2017, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) 2.55 Earings per share s Your answer is incorrect. Try again. Assume that Crane earned net income of $3,801,000 during 2017. In addition, it had 80,000 of 9% $100 par non-convertible, cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare an d pay a preferred dividend in 2017 Calculate earnings per share for 2017, using the weighted average number of shares determined above. (Round answer to 2 decimal places, e.g. 15.25.) Eamings per share Your answer is incorrect. Try again. Assume that Crane earned net income of $3,801,000 dunng 2017. In addition, it had 80,000 of 996, $100 par, non-convertible, non-cumulative preferred shares outstanding for the entire year. Because of liquidity limitations, however, the company did not declare and pay a preferred dividend in 2017. Assume that net income included a loss from discontinued operations of $472,000, net of applicable income taxes. Calculate earnings per share for 2017. (Round answers to 2 decimal places, e.g. 15.25.) Earnings per share 2.24 Loss from discontinued operations 0.32 Net income 92