Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common...

CRANE CORPORATION
Partial Balance Sheet
March 31, 2020.
Total Shareholders' Equity:
Authorized Capital:
Paid-in Capital:
Common Stock - 87,000 shares outstanding	$1,385,000
Retained Earnings ($544,000 - [87,000*$1])	$457,000
Total Shareholders' Equity	$1,842,000
CRANE CORPORATION
Partial Balance Sheet
June 30, 2020.
Total Shareholders' Equity:
Authorized Capital:
Paid-in Capital:
Common Stock - 87,000 shares * 3 = 261,000 shares outstanding	$1,385,000
Retained Earnings ($544,000 - [87,000*$1])	$457,000
Total Shareholders' Equity	$1,842,000
Note: Due to stock split, there is no change in the total amount of common stock as only the number of shares will increase.
CRANE CORPORATION
Partial Balance Sheet
September 30, 2020.
Total Shareholders' Equity:
Authorized Capital:
Paid-in Capital:
Common Stock - 261,000 shares * 105/100 = 274,050 shares outstanding - ($1,385,000*105/100)	$1,454,250
Retained Earnings ($457,000 - [$1,385,000*5/100])	$387,750
Total Shareholders' Equity	$1,842,000
CRANE CORPORATION
Partial Balance Sheet
December 31, 2020.
Total Shareholders' Equity:
Authorized Capital:
Paid-in Capital:
Common Stock - 274,050 shares outstanding	$1,454,250
Retained Earnings ($387,750 - [$0.90*274,050 shares] + $393,000)	$534,105
Total Shareholders' Equity	$1,988,355