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On January 1, 2020, Crane Corporation had the following stockholders equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) $1,385,000 Retained Earnings 546,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $37. July 1 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $10 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2021. 31 Determined that net income for the year was $381,000. Your answer is correct. Prepare the stockholders' equity section of the balance sheet at March 31. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) CRANE CORPORATION Partial Balance Sheet March 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1,385,000 Retained Earnings 455000 Total Stockholders' Equity 1840000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXTYour answer is correct. Prepare the stockholders' equity section of the balance sheet at June 30. ( Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) CRANE CORPORATION Partial Balance Sheet June 30, 2020 Stockholders' Equity Paid-in Capita Capital Stock Common Stock 1385000 Retained Earnings 455000 Total Stockholders' Equity 1840000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare the stockholders' equity section of the balance sheet at September 30. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) CRANE CORPORATION Partial Balance Sheet September 30, 2020 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1385000 Retained Earnings 38000 Total Stockholders' Equity 1823620CRANE CORPORATION Partial Balance Sheet September 30, 2020 v Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1385000 x Retained Earnings 438000 x Total Stockholders' Equity 1823620 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter account name only and do not provide descriptive information. Round answers to 0 decimal places, e.g. 5,250.) CRANE CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock X Common Stock 1385000 Retained Earnings 294120 Total Stockholders' Equity v 1679120
