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Crane Corporation's December 31, 2020 balance sheet showed the following: $ 80000 7% preferred stock, $20 par value, cumulative, 14000 shares authorized; 4000 shares issued

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Crane Corporation's December 31, 2020 balance sheet showed the following: $ 80000 7% preferred stock, $20 par value, cumulative, 14000 shares authorized; 4000 shares issued Common stock, $10 par value, 900000 shares authorized; 850000 shares issued, 820000 shares outstanding Paid-in capital in excess of par--preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14600 shares) 8500000 28000 11400000 3700000 306600 Crane's total paid-in capital was $20314600. $19701400. O $10058000. $20008000

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