SCOSTE 1edmond te Jearts nailsnogo one to noios ups 'meb The stockholders' equity section of Crane Corporation's balance sheet at December 31, 2022, appears below: Stockholders' equity Paid-in capital bes 20narfe 000,008 000,08s Common stock, $5 par value, 500,000 shares authorized: 000.00 250,000 issued and outstanding 000 Paid-in capital in excess of par 000.000 Total paid-in capital 000 Retained earnings nontmo 000,025 160 to okee $1,250,000 1,200,000 2,450,000 600,000 $3.050.000 agrimss bola lalo Total stockholders' equity clean El no nommes all no an abiva, den fd of Dir On February 6, 2023, Crane's Board of Directors declared a 10% stock dividend on its common stock to stockholders when the common stock market value is $20 per share. The date of record is February 14, 2023, and the stock dividend will be distributed on February 28, 2023. Required: 1. Calculate the value of the stock 2. Prepare the journal entries to account for this stock dividend. Feburary 5, 202 The stockholders' equity section of Crane Corporation's balance sheet at December 31, 2022, appears below: ed Stockholders' equity Paid-in capital 13 Common stock, $5 par value, 500,000 shares authorized; 250,000 issued and outstanding- f par 000 Paid-in capital in excess 000.005 Total paid-in capital 000 Retained earnings 000,008 0002020 22 Total stockholders' equity On January 5, 2023, Crane's Board of Directors declared a $1 cash dividend on its common stock to stockholders of record on January 19, 2023, to be distributed on January 31, 2023. 1. Calculate the cash dividend value 2. Prepare the journal entries to account for this cash dividend. $1,250,000 1,200,000 2,450,000 600,000 $3.050.000 21"