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Current Attempt in Progress Presented below is information which relates to Crane Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023.
Current Attempt in Progress Presented below is information which relates to Crane Company, a Canadian public corporation traded on the Toronto Stock Exchange, for 2023. Net income Retained earnings, January 1, 2023 Cash dividends declared on common shares h Correction of calculation error depreciation understatement in 2019 (pre-tax) Gain on FV-OCI investments (net of tax) Proceeds from issuance of Crane common shares Accumulated other comprehensive income, January 1, 2023 $450,000 785,000 36,000 463,000 221,000 65,000 15,000 On January 1, 2023, Crane had 21,000 common shares outstanding with a capital balance of $525,000. During the year, Crane Company issued an additional 2,000 common shares. Prepare in good form a statement of shareholders equity for the year ended December 31, 2023. Crane's income tax rate is 20%. (Enter amounts that reduce account balances using either a negative sign preceding the number e.g. -25 or parentheses e.g. (25).)
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