The 2017 income statement of Crane Corporation showed net income of $1,160,000 which included a loss from

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Question:

The 2017 income statement of Crane Corporation showed net income of $1,160,000 which included a loss from discontinued operations of $96,000. Crane had 29,000 shares of common stock outstanding all year.

Prepare Crane’s income statement presentation of earnings per share.

Crane Corporation

Income statement