At december 31, 2017 crane company had 29 shares of common stock and 9000 shares of 5%, $100 par value cumulative preferred stock outstanding. no dividends were declared on either the preferred or common stock in 2017 or 2018. on january 30, 2019, prior to the issuance of its financial statements for the year ended december 31, 2018, crane declared a 100% stock dividend on its common stock. net income for 2018 was $113. in its 2018 financial statements, crane's 2018 earnings per common share should be (rounded to the nearest penny)

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?