Crane Corporation's charter authorized 2 million $13 par value common shares, and 300,000 8% cumulative and non-participating preferred shares, with a par value of $100 per share. The corporation made the following share transactions through December 31, 2023: 300,000 common shares were issued for $4.50 million and 10,000 preferred shares were issued for machinery valued at $1,501,000. Subscriptions for 10,100 common shares have been taken, and 25% of the subscription price of $17 per share has been collected. The shares will be issued when the subscription price is collected in full. In addition, 9,000 common shares have been repurchased for $16 and retired. The Retained Earnings balance is $240,000 before considering the transactions above. (a) - Your answer is partially correct. Prepare the shareholders' equity section of the SFP in good form. CRANE CORPORATION Partial Statement of Financial Position December 31, 2023 Shareholders' Equity Share Capital Preferred Shares Common Shares Common Shares Subscribed Total Common Shares issued and to be issued Total Share Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Common Shares Dividends Distributable Total Shareholders' Equity eTextbook and Media List of Accounts Save for Later 3783000 131300 Attempts: 10 of 15 used Submit