The following information was extracted from the accounts of Crane Corporation at December 31, 2025: Total reported income since incorporation Total cash dividends paid Unrealized holding loss on available-for-sale debt securities Total stock dividends distributed Prior period adjustment, recorded January 1, 2025 CR(DR) $4870000 (2300000) (362000) (588000) O $1843000 O $2813600 O $2205000 O $1712000 223000 What should be the balance of retained earnings at December 31, 2025?
The following information was extracted from the accounts of Crane Corporation at December 31, 2025: Total reported income since incorporation Total cash dividends paid Unrealized holding loss on available-for-sale debt securities Total stock dividends distributed Prior period adjustment, recorded January 1, 2025 CR(DR) $4870000 (2300000) (362000) (588000) O $1843000 O $2813600 O $2205000 O $1712000 223000 What should be the balance of retained earnings at December 31, 2025?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The following information was extracted from the accounts of Crane Corporation at December 31, 2025:
Total reported income since incorporation
Total cash dividends paid
Unrealized holding loss on available-for-sale debt securities
Total stock dividends distributed
Prior period adjustment, recorded January 1, 2025
CR(DR)
$4870000
(2300000)
(362000)
(588000)
O $1843000
O $2813600
O $2205000
O $1712000
223000
What should be the balance of retained earnings at December 31, 2025?
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