harles Austin of the controllers office of Crane Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2026. Austin has compiled the information listed below. 1. The company is authorized to issue 8,400,000 shares of $10 par value common stock. As of December 31, 2025, 2,100,000 shares had been issued and were outstanding. 2. The per share market prices of the common stock on selected dates were as follows. Price per Share July 1, 2025 $20.00 January 1, 2026 21.00 April 1, 2026 25.00 July 1, 2026 11.00 August 1, 2026 10.50 November 1, 2026 9.00 December 31, 2026 10.00 3. A