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On January 1, 2022, Crane Inc. had the following stockholders' equity balances. During 2022 , the following transactions and events occurred. 1. Issued 75,000 shares
On January 1, 2022, Crane Inc. had the following stockholders' equity balances. During 2022 , the following transactions and events occurred. 1. Issued 75,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15,2023 . 2. Issued 37,500 shares of common stock for cash at $4 per share. 3. Purchased 24,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $117,000. 5. Sold 8,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $355,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CommonStockDividendsDistributableTreasuryStockRetainedEarningsTotal $ $ $ $
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