[ch14.5] On January 1, 2022, Crane Inc. had the following stockholders' equity balances.

Common Stock (520,000 shares issued)	$1,040,000
Paid-in Capital in Excess of Par-Common Stock	520,000
Common Stock Dividends Distributable	190,000
Retained Earnings	700,000

During 2022, the following transactions and events occurred.

1.		Issued 95,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023.
2.		Issued 47,500 shares of common stock for cash at $4 per share.
3.		Purchased 34,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $116,000.
5.		Sold 9,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $365,000.

Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Crane Inc. Stockholders' Equity Statement December 31, 2022For the Month Ending December 31, 2022For the Year Ending December 31, 2022 (in thousands, except shares)
Balances, Jan. 1	$		$		$		$
Issued 95,000 share for stock dividend
Issued 47,500 shares for cash
Purchased 34,000 shares of treasury stock
Declared cash dividend
Sold 9,000 shares of treasury stock
Net income for year
Balances, Dec. 31	$		$		$		$

Common Stock Dividends Distributable		Treasury Stock		Retained Earnings		Total
$		$		$		$
$		$		$		$