Exercise 15-17 Crane Corporation's post-closing trial balance at December 31, 2017, is shown as follows CRANE CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr Cr Accounts payable Accounts reeivable Accumulated depreciation-buildings Additional paid-in capital in excess 416,000 497,000 178,000 1,267,000 173,000 30,000 274,000 of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) 1,404,000 181,000 188,000 4,000 612,000 429,000 500,000 40,000 315,000 182,000 $3,345,000 $3,345,000 Totals At December 31, 2017, Crane had the following number of common and preferred shares. Common Preferred Authorized Issued Outstanding 564,000 188,000 179,000 60,000 10,000 10,000 The dividends on preferred stock are 4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share Prepare the stockholders' equity section of Crane's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.)