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Preferred 1% Stock, $50 par (100,000 shares authorized, 79,600 shares issued) $3,980,000 Paid-In Capital in Excess...

Preferred 1% Stock, $50 par (100,000 shares authorized, 79,600 shares issued) $3,980,000
Paid-In Capital in Excess of Par—Preferred Stock 159,200
Common Stock, $3 par (5,000,000 shares authorized, 1,870,000 shares issued) 5,610,000
Paid-In Capital in Excess of Par—Common Stock 1,215,500
Retained Earnings 31,497,000

During the year, the corporation completed a number of transactions affecting the stockholders’ equity. They are summarized as follows:

Jan. 5 Issued 532,900 shares of common stock at $9, receiving cash.
Feb. 10 Issued 11,000 shares of preferred 1% stock at $58.
Mar. 19 Purchased 45,400 shares of treasury common for $8 per share.
May 16 Sold 21,400 shares of treasury common for $10 per share.
Aug. 25 Sold 4,300 shares of treasury common for $7 per share.
Dec. 6 Declared cash dividends of $0.50 per share on preferred stock and $0.07 per share on common stock.
31 Paid the cash dividends.

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ekkarill92 answered 2 years ago
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