Current Attempt in Progress

Crane Company has $514000$ shares of $$10$ par value common stock outstanding. During the year Crane declared a $15\%$ stock dividend when the market price of the stock was $$36$ per share. Three months later Crane declared a $$0\mathrm{.}60$ per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

$$3130260.$

$$484600.$

$$2775600.$

$$508860.$

$$ Attempts: $0$ of $1$ used $$