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Crane Company had the following stockholders' equity as of January 1, 2025. Common stock, $5 par value, 20,500 shares issued $102,500 Paid-in capital in
Crane Company had the following stockholders' equity as of January 1, 2025. Common stock, $5 par value, 20,500 shares issued $102,500 Paid-in capital in excess of par-common stock 304,000 Retained earnings 321,000 Total stockholders' equity $727,500 During 2025, the following transactions occurred. Feb. 1 Mar. 1 Mar. 18 Apr. 22 May 1 Crane repurchased 1,950 shares of treasury stock at a price of $18 per share. 720 shares of treasury stock repurchased above were reissued at $16 per share. 520 shares of treasury stock repurchased above were reissued at $14 per share. 580 shares of treasury stock repurchased above were reissued at $19 per share. Remaining treasury shares are retired.
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