Testbank Problem 144 The stockholders' equity section of Crane Corporation's balance sheet as of December 31, 2020 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 1,500,000 shares; issued, 300,000 shares Paid-in capital in excess of par Retained earnings $1,500,000 856,000 3,050,000 $5,406,000 The following events occurred during 2021: 1. Jan. 5 29,000 shares of authorized and unissued common stock were sold for $7 per share. 2. Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stockholders of record on February 5. 3. Feb. 10 40,000 shares of authorized and unissued common stock were sold for $12 per share. 4. March 1 A 30% stock dividend was declared and issued. Fair value per share is currently $16. 5. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share. 6. July 1 A 15% stock dividend was declared and issued. Fair value is currently $10 per share. 7. Aug. 1 A cash dividend of 20 cents per share was declared, payable September 1 to stockholders of record on August 21. Enter the al ve events into the following work sheet showing how each event affect the num. E Enter the above events into the following work sheet showing how each event affects the column. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45). Do not leave any answer field blank. Enter o for amounts.) Common Stock Total Par Value No. of Shares Issued Item Paid-in Capital in Excess of Par Retained Earnings Beginning Balance-1/1/21 Event #1 - Jan. 5 Balance Event # 2-Jan. 16 Balance Event #3-Feb. 10 Balance Event #4-March 1 Balance Event #5-April 1 Balance 750 PM me: ur:28 PM / Remaining: 38 min. CALCULATOR PRINTER VERSION BACK Event #3-Feb. 10 Balance Event #4-March 1 Balance Event #5-April 1 Balance Event #6-July 1 Balance Event #7-Aug. 1 Balance Click if you would like to Show Work for this question: Open Show Work