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please help Crane Supply Corporation began business in 2025 by issuing 71000 shares of $5 par common stock for $8 per share and 16000 shares
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Crane Supply Corporation began business in 2025 by issuing 71000 shares of $5 par common stock for $8 per share and 16000 shares of 6%,$10 par preferred stock for par. At year-end, the common stock had a market value of $10. On its December 31, 2025 balance sheet, Crane Supply would report Common Stock of $710000. Common Stock of $568000. Paid-In Capital of $530000. Common Stock of $355000 Step by Step Solution
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