Question 17 O out of 0.625 points For 2017, Talis Products had net income of $4,000,000. At 1 January 2017, there were 2,000,000 shares outstanding. On 1 July 2017, the company issued 100,000 new shares for $20 per share. However, the company repurchased 100,000 shares from the market on 1 November, 2017. The company paid $200,000 in dividends to common shareholders and $50,000 in dividends to preferred shareholders. What is Talis's diluted earnings per share for 2017? Question 18 0.625 out of 0.625 points Agra Electronics Technology has a contract to develop a system for a customer for a total an estimated three years to build, and total building costs are estimated to be $24 million. Agra recognizes long-term contract revenue entage complete based on expenditure incurred as a percentage of total estimated expenditures. At the end of year 1, Agra had spent 12 million. If at the end of Year 2, the accumulated spending is $16 million in total, how much revenue will Agra recognize in Year 2