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this one please! ;) On January 1, 2022, Crane Inc. had the following stockholders' equity balances. During 2022, the following transactions and events occurred. 1.
this one please! ;)
On January 1, 2022, Crane Inc. had the following stockholders' equity balances. During 2022, the following transactions and events occurred. 1. Issued 95,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15,2023. 2. Issued 47,500 shares of common stock for cash at $4 per share. 3. Purchased 34,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $116.000. 5. Sold 9,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $365,000 Prepare a stockholders' equity statement for the year. (If an amount reduces the occount balance then enter with negotive sign preceding the number es. 45 or porentheses es (45) J Common Stock Dividends Distributable 190000 lasued 95.000 share tor stock 14250 \begin{tabular}{|l|l|} \hline 4 & 14250 \\ \hline \end{tabular} Crane lnc. Stockholders' Equity Statement (in thousands, except shares) Common 1ssued 47.500 shares for cash T 95000 Purchased 34,000 shares of treasury stock Declared cash dividend Sold 9.000 shares of treasury Declared cash dividend Sold 9000 shares of treasury stock \begin{tabular}{l|l|} \hline 0 & i \\ \hline \end{tabular} i Net income for year \begin{tabular}{|l|l|} \hline & 1 \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & in \\ \hline \end{tabular} Step by Step Solution
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