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The shareholders' equity accounts of Crane Inc. at December 31, 2020, are as follows:

Preferred shares, $3 noncumulative, unlimited number authorized, 2,000 issued		$200,000
Common shares, unlimited number authorized, 160,000 issued		800,000
Retained earnings		520,000
Accumulated other comprehensive loss		(54,000	)

Crane has a 40% income tax rate. During the following fiscal year, ended December 31, 2021, the company had the following transactions and events:

Feb.		1		Repurchased 10,000 common shares for $40,000.
July		12		Announced a 2-for-1 preferred stock split. The market price of the preferred shares at the date of announcement was $150.
Dec.		1		Declared the annual cash dividend ($1.50 post-split) to the preferred shareholders of record on January 10, 2022, payable on January 31, 2022.
Dec.		18		Declared a 10% stock dividend to common shareholders of record at December 20, distributable on January 12, 2022. The fair value of the common shares was $10 per share.
Dec.		31		Determined that for 2021, profit before income tax was $340,000 and other comprehensive income, net of income tax expense of $47,200, was $70,800.

Prepare a statement of changes in shareholders equity for the year ended December 31, 2021. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

CRANE INC. Statement of Changes in Shareholders Equity

Preferred Shares

Common Shares

Stock Dividend Distributable

Contributed Surplus Reacquisition of Common Shares

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Total

Balance, January 1

$

$

$

$

$

$

$

Reacquired common shares

Stock split 2 for 1

Cash dividendspreferred

Stock dividendscommon

Comprehensive income

Balance, December 31

$

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