Oakley, designer and manufacturer of high-performance eyewear, reported the following December 31 balances in its stockholders€™ equity accounts (dollars in thousands):

During the current year, Oakley reported net income of $50,371.

Required:
1. How much did Oakley pay in dividends for the year?
2. Assume that the only other transaction that affected stockholders€™ equity during the current year was a single stock issuance. Recreate the journal entry reflecting the stockissuance.

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Current Year Prior Year s 686 36.484 177,277 $ 688 Common stock Paid-in capital Retained earnings 40,805 าว 227,648