At January 1, 2021, Sheffield Corporation had the following shareholders equity:

Share capital
$1 Preferred shares, noncumulative,
25,000 shares authorized, 8500 shares issued		$175000
Common shares, 1,000,000 shares authorized,
59000 shares issued		754000
		929000
Retained Earnings		427000
Total Shareholders Equity		$1356000

On March 12, 2021, when the common shares have a market value of $20, the board of directors declared and paid a 10% common stock dividend. On July 31, 2021, the board declared a 3-for-1 stock split on the common shares. During the year, the company paid cash dividends of $79000 and reported profit of $432000. The number of common shares issued at December 31, 2021 is

64900.

100000.

3000000.

194700.

On January 1, 2021, Crane Limited issues a $17303, 2% 3-year note payable. The note calls for three annual payments of $6000, blended principal and interest. The first payment is to be made on December 31, 2021. On December 31, 2022, Crane will report interest expense of

$6000.

$240.

$233.