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Crane inc ownes shares of Chevenne Corporation stock. At December 31,2025 , the secunities were Carried in Cranes saccountine records as their cost of 5622,000

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Crane inc ownes shares of Chevenne Corporation stock. At December 31,2025 , the secunities were Carried in Cranes saccountine records as their cost of 5622,000 , wh ch equals their falr value. On September 21, 2026, when the falr value of the securities was 31,068,000, Crane declared a property dividend wherebvy the Chereme stcaurities sne to be distrituted on October 23, 20026, to stockholders of record en October 82026 Prepare all joumal entries necessary on those three dates, (that all debit entries befove credit entries. Credit account tities are automaticaly indentes when the amount is ensered. Do not indent manually If no entry is requind, select "No Entry" for che occount tides and enter O for che - mounts. Recordentries in the condor diplayed in the problem statement.)

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