Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available: Net Income Transactions in Common Shares Jan. 1. 2018, Beginning number Mar. 1. 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares 240.000 1.520,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common (adjusted for split). 51.000.000 Stock Options Exercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). ( 1) Compute weighted average shares outstanding for 2018