Given the following information: Stockholders’ equity—January 1, 2014   $87,360 Stockholders’ equity—December 31, 2014   90,480 Stockholder investments during 2014   12,480 Dividends paid during 2014   37,440 Revenues during 2014   322,400 Compute 2014 net income for Crane Company.

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 22E: Statement of stockholders equity The stockholders equity T accounts of I-Cards Inc. for the year...
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Given the following information:

Stockholders’ equity—January 1, 2014   $87,360
Stockholders’ equity—December 31, 2014   90,480
Stockholder investments during 2014   12,480
Dividends paid during 2014   37,440
Revenues during 2014   322,400


Compute 2014 net income for Crane Company.

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