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