The stockholders' equity accounts of Crane Company on January 1, 2022, were as follows. Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) $350,000 Common Stock ($10 stated value, 800,000 shares authorized) 1,400,000 Paid-in Capital in Excess of Par Value-Preferred Stock 50,000 Paid-in Capital in Excess of Stated Value-Common Stock 800,000 Retained Earnings 740,000 Treasury Stock (7,000 common shares) 56,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Mar 1 Issued 6,000 shares of common stock for $80 per share. June 22, Purchased 1,000 additional shares of common treasury stock at $11 per share. Sept. 1 Oct. 1 Dec. 1 Declared a 8% cash dividend on preferred stock, payable October 1. Paid the dividend declared on September 1. Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31. 2022