Question: Crane Incorporated has 4 2 2 0 0 0 0 shares of common stock outstanding on December 3 1 , 2 0 2 4 .

Crane Incorporated has 4220000 shares of common stock outstanding on December 31,2024. An additional 795000 shares of common stock were issued on April 1,2025, and 396000 more on July 1,2025. On October 1,2025, Crane issued 20000, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of its common stock. No bonds were converted into common stock in 2025. What number of shares is used in computing basic earnings per share and diluted earnings per share, respectively?

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