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On January 1, 2025, Crane Supply Corporation had $1,820,000 of $10 par value common stock outstanding that was issued at par and Retained Earnings
On January 1, 2025, Crane Supply Corporation had $1,820,000 of $10 par value common stock outstanding that was issued at par and Retained Earnings of $910,000. The company issued 127,400 shares of common stock at $15 per share on July 1. On December 15, the board of directors declared a 10% stock dividend to stockholders of record on December 31, 2025, payable on January 15, 2026. The market value of Crane Supply Corporation stock was $17 per share on December 15 and $16 per share on December 31. Net income for 2025 was $455,000. Prepare the stockholders' equity section of the balance sheet for Crane Supply Corporation at December 31, 2025. CRANE SUPPLY CORPORATION Balance Sheet (Partial) December 31, 2025 Stockholders' Equity Total Paid-in Capital Total Paid-in Capital Preferred Stock Common Stock Additional Paid-in Capital $ 1911000 1274000 637000 Additional Paid-in Capital in Excess of Par 525980 Retained Earnings Total Paid-in Capital Total Stockholders' Equity $ 309400 216580
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