On January 1,2018, Crane Corp. had 474,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account February 1 Issued 120,000 shares March 1 Issued a 10% stock dividend Acquired 98,000 shares of treasury stock May 1 Issued a 3-for-1 stock split June 1 Reissued 58,000 shares of treasury stock October 1 Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding 1581700 Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) $ Earnings Per Share 1.60 Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $412,000 (net of tax). Compute earnings per share for 2018. (Round answer to 2 decimal places, e.g. $2.55.) Crane Corp. Income Statement For the Year Ended December 31, 2018 $ Income From Continuing Operations 2.36 0.26 Loss From Discontinued Operations Net Income/(Loss) 2.10