Partial Balance Sheet Paid-in Capital Capital S ock Seock Total Capital S in Capital Capital in Excess of Par Value-Preferred Stock in Capital in Excess of Par Total Paid-in Capital Treasury Szock Equity Problem 11-3A Your answer is partially correct Try again. On December 31, 2016, Crane Company had 1,315,000 shares of $6 par common stock issued and outstanding. At December 31, 2016, stockholders equity had the amounts Iisted here. Common Stock Additional Paid-in Capital Retained Earnings $7,890,000 1,905,000 1,210,000 Transactions during 2017 and other information related to stockhoiders equity accourts were as follows 1. On January 10, 2017, issued at $114 per share 130,000 shares of $104 par value, 7% cumulative preferred stock. 2. On February 8, 2017, reacquired 10,400 shares of its common stock for $12 per share. 3. On May 9, 2017, declared the yearly cash dividend on preferred stock, payable June 10, 2017, to stockholders of record on May 31, 2017 4. On June 8, 2017, declared a cash dividend of 1.70 per share on the common stock outstanding, payable on July 10, 2017, 5. Net income for the year was $3,583,000. Prepare the stockholders' equity section of Crane belance sheet at December 31, 2017. to stockholders of record on July 1, 2017