On January 1, 2025, Crane Corporation had 80,400 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred:
Mar. 1 Issued 95,400 shares of common stock for $715,500.
June 1 Declared a cash dividend of $2 per share to stockholders of record on June 15.
June 30 Paid the $2 cash dividend.
Dec. 1 Purchased 5,300 shares of common stock for the treasury for $18 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31.
Net income for 2025 totaled $991,500.