On December 31, 2024, Crane Company had 1,255,000 shares of $5 par common stock issued and outstanding. At December 31 , 2024 , stockholders' equity had the amounts listed here. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10 , issued at $105 per share 111,000 shares of $100 par value, 7% cumulative preferred stock. 2. On February 8 , reacquired 16,900 shares of its common stock for $15 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10 , to stockholders of record on May 31. 4. On June 8 , declared a cash dividend of $1.85 per share on the common stock outstanding payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,668,000. I (To close net income) (To close cash dividends)