The post-closing trial balance of Crane Corporation at December 31,2024 , contains the following shareholders' equity accounts: A review of the accounting records reveals the following: 1. The January 1, 2024, balance in Preferred Shares was $1,071,000, Common Shares was $1,272,000(318,000 shares), the balance in Contributed Surplus - Reacquisition of Common Shares was $30,600, and the balance in Retained Earnings was $2,442,000. 2. One of the company's shareholders needed cash for a personal expenditure. On January 15 , the company agreed to reacquire 20,400 shares from this shareholder for $7 per share. 3. On July 1, the company corrected a prior period error that resulted in an increase to the Long-Term Investment account, as well as to the prior year's profit of $252,000 before income tax. 4. On October 1, 97,000 common shares were sold for $8 per share. 5. The preferred shareholders' dividend was declared and paid in 2024 for two quarters. Due to a cash shortage, the last two quarters' dividends were not declared or paid. 6. Profit for the year before income tax was $762,000. The company has a 25% income tax rate. Below are the ledger accounts with opening Prepare journal entries to record transactions (2) to (5). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles