On January 1, 2022, Crane Inc. had the following stockholders' equity balances. Common Stock (410,000 shares issued) $820,000 Paid-in Capital in Excess of Par-Common Stock 540,000 Common Stock Dividends Distributable 240,000 Retained Earnings 610,000 During 2022, the following transactions and events occurred. Issued 120,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. 1 2. Issued 60,000 shares of common stock for cash at $4 per share. 3. Purchased 20,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $120,000. 5. Sold 7,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $410,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-45 or parentheses e.g. (45).)