Crane Corporation's trial balance at December 31, 2022, is presented below. All 2022 transactions have been recorded except for the items described below. Debit Credit Cash $32,130 Accounts Receivable 64,260 Inventory 28,602 Land 81,900 Buildings 119,700 Equipment 50,400 Allowance for Doubtful Accounts Accumulated Depreciation-Buildings $567 37,800 Accumulated Depreciation-Equipment 18,144 Accounts Payable 24,318 Interest Payable -0- Dividends Payable Unearned Rent Revenue -0- 10,080 Bonds Payable (10%) 63,000 Preferred Stock ($20 par) -0- Paid-in Capital in Excess of Par-Preferred Stock -0- Common Stock ($10 par) 37,800 Paid-in Capital in Excess of Par-Common Stock 7,560 Retained Earnings 94,563 Treasury Stock -0- Cash Dividends -0- Sales Revenue 718,200 Rent Revenue -0- Bad Debt Expense -0- Interest Expense -0- Cost of Goods Sold 504,000 Depreciation Expense -0- Other Operating Expenses 49,140 Salaries and Wages Expense 81,900 Total $1,012,032 $1,012,032 Unrecorded transactions and adjustments: 1. On January 1, 2022, Crane issued 1,260 shares of $20 par, 6% preferred stock for $27,720. 2. On January 1, 2022, Crane also issued 1,260 shares of common stock for $28,980. 3. Crane reacquired 378 shares of its common stock on July 1, 2022, for $49 per share. 4. On December 31, 2022, Crane declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Crane estimates that uncollectible accounts receivable at year-end are $6,426. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $6,300. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $5,040. 8. 9. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31, 2022, has not been paid or recorded. (Ignore income taxes.)