Crane Company reported the following amounts in the stockholders equity section of its December 31, 2019, balance sheet.

Preferred stock, 10%, $100 par (10,000 shares authorized, 1,900 shares issued)		$190,000
Common stock, $5 par (109,500 shares authorized, 21,900 shares issued)		109,500
Additional paid-in capital		117,000
Retained earnings		453,000
Total		$869,500

During 2020, Crane took part in the following transactions concerning stockholders equity.

1.		Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019.
2.		Purchased 1,600 shares of its own outstanding common stock for $37 per share. Crane uses the cost method.
3.		Reissued 600 treasury shares for land valued at $27,400.
4.		Issued 480 shares of preferred stock at $105 per share.
5.		Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share.
6.		Issued the stock dividend.
7.		Declared the annual 2020 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021.

Prepare the December 31, 2020, stockholders equity section. Assume 2020 net income was $306,000

My answer is partially incorrect.

Crane Company Stockholders' Equity

December 31, 2020

Preferred Stock 238,000

Common Stock 99,050 - wrong

Total capital stock 337,050 - wrong

Additional Paid-in capital 212,380

Total Paid-in Capital 549,430 - wrong

Retained Earnings 590,990

Total Paid-in capital and Retained Earnings 1,140,420 - wrong

less : Treasury Stock 37,000

Total Stockholders' Equity 1,103,420 wrong