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this please Your answer is partially correct. On January 1. 2022. Crane Inc. had the following stockholders' equity balances. During 2022. the following transactions and
this please
Your answer is partially correct. 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 cashat $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. the number e \&. 45 or parentheses e.g. (45).) Common Stock Dividends Distributable Issued 95,000 share for stock dividend \begin{tabular}{|l|} \hline 14250 \\ \hline \end{tabular} \begin{tabular}{|l|ll|} \hline & 1 & 14250 \\ \hline \end{tabular} Issued 47.500 shares for cash \begin{tabular}{|} \\ \hline \end{tabular} \begin{tabular}{|r|} \hline 95000 \\ \hline \end{tabular} \begin{tabular}{l|l} \hline & i \end{tabular} Purchased \begin{tabular}{l} Common \\ Stock \\ Dividends \\ Distributable \\ \hline \hline \end{tabular} \( \lcm{14250} \) Step by Step Solution
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