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Crane Company had the following Shareholders' Equity section as of February 1, 2024: Share capital: Preferred shares, 31,000 issued and outstanding Class A common shares,
Crane Company had the following Shareholders' Equity section as of February 1, 2024: Share capital: Preferred shares, 31,000 issued and outstanding Class A common shares, 1,410,000 issued and outstanding Class B common shares, 44,000 issued and outstanding Retained earnings Total shareholders' equity $868,000 5,640,000 880,000 8,400,000 $15,788,000 On February 16, 2024, Crane reacquired and cancelled 5,100 Class A common shares at a cost of $3.50 per share. On April 10, Crane issued 8,600 Class A common shares for $5.90 each. On May 31, the company reacquired and cancelled another 2,900ClassA common shares at $5.00 per share. Prepare the journal entries required to record these transactions. (Round per share calculations to 2 decimal places, e.g. 12.25 and f
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