Current Attempt in Progress Crane Shop Ltd. is a mid-sized public company that had been in...

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Current Attempt in Progress Crane Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2023, it had an unlimited number of common shares authorized and 5.1 million shares issued at an average value of $25 per share. As well, there were 4.9 million preferred shares authorized, with 245,000 of them issued at $19 per share. The balance in retained earnings was $26,670,000. The balance in accumulated other comprehensive income was $520,000. The preferred shares pay an annual dividend of $2 per share. During 2024, the following transactions affected shareholders' equity: 1 In total, 210,000 new common shares were issued at $30 per share 2. The preferred dividend for the year was declared and paid. 3 4. A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration In early December 2024, a dividend of $1.40 per share was declared on the common shares. The date of record was December 15, 2024. The dividend was to be paid the following year. 5 The company earned net income of $15,090,000 and had an other comprehensive loss of $135.000 6. On December 31, 2024, the company declared a two-for-one stock split on common shares (a) Your answer is correct Use a spreadsheet or table format to track all of the changes in the shareholders' equity accounts in 2024. (If an amount reduces the account balance then enter with negative sign, eg.-15,000 or in parenthesis, e.. (15,000)) Date Number of common shares Common shares Question 8 of 13 L 330/30 E 88888 4 4 9 9 0 A Y U P 2 3 5 6. 7 Q W E R T A S D F G H T N J X C V B N M 30 command K Prepare the statement or changes in snarenoiders equity for 2024. (Hint: the similar to the table from part (a) but similar transactions, such as dividends, will be grouped into one line.) (If an amount reduces the account balance then enter with negative sign, e.g. -15,000 or in parenthesis, e.g. (15,000).) Dec. 31, 2023 Number of common shares Common shares 5100000 $ 127500000 Crane S Statement of Changes December 31, 20 Number of preferred shares 245000 Common shares issued i 210000 6300000 Cash dividends Stock dividend-common shares 531000 17523000 Net income Other comprehensive loss Stock split on common shares 5841000 Dec. 31, 2024 11682000 $ 151323000 245000 op Ltd. Shareholders' Equity Preferred shares 2670000 Accumulated other comprehensive income Retained earnings 4655000 $ 4655000 eTextbook and Media -490000 -17523000 1509000 $ Total Shareholders' Equity Total Liabilities and Shareholders' Equity 3 Current Attempt in Progress Crane Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2023, it had an unlimited number of common shares authorized and 5.1 million shares issued at an average value of $25 per share. As well, there were 4.9 million preferred shares authorized, with 245,000 of them issued at $19 per share. The balance in retained earnings was $26,670,000. The balance in accumulated other comprehensive income was $520,000. The preferred shares pay an annual dividend of $2 per share. During 2024, the following transactions affected shareholders' equity: 1 In total, 210,000 new common shares were issued at $30 per share 2. The preferred dividend for the year was declared and paid. 3 4. A 10% common stock dividend was declared when the market price was $33 per share. The shares were distributed one month after the declaration In early December 2024, a dividend of $1.40 per share was declared on the common shares. The date of record was December 15, 2024. The dividend was to be paid the following year. 5 The company earned net income of $15,090,000 and had an other comprehensive loss of $135.000 6. On December 31, 2024, the company declared a two-for-one stock split on common shares (a) Your answer is correct Use a spreadsheet or table format to track all of the changes in the shareholders' equity accounts in 2024. (If an amount reduces the account balance then enter with negative sign, eg.-15,000 or in parenthesis, e.. (15,000)) Date Number of common shares Common shares Question 8 of 13 L 330/30 E 88888 4 4 9 9 0 A Y U P 2 3 5 6. 7 Q W E R T A S D F G H T N J X C V B N M 30 command K Prepare the statement or changes in snarenoiders equity for 2024. (Hint: the similar to the table from part (a) but similar transactions, such as dividends, will be grouped into one line.) (If an amount reduces the account balance then enter with negative sign, e.g. -15,000 or in parenthesis, e.g. (15,000).) Dec. 31, 2023 Number of common shares Common shares 5100000 $ 127500000 Crane S Statement of Changes December 31, 20 Number of preferred shares 245000 Common shares issued i 210000 6300000 Cash dividends Stock dividend-common shares 531000 17523000 Net income Other comprehensive loss Stock split on common shares 5841000 Dec. 31, 2024 11682000 $ 151323000 245000 op Ltd. Shareholders' Equity Preferred shares 2670000 Accumulated other comprehensive income Retained earnings 4655000 $ 4655000 eTextbook and Media -490000 -17523000 1509000 $ Total Shareholders' Equity Total Liabilities and Shareholders' Equity 3