Ahuja Specialties, Inc., reported the following statement of stockholders’ equity for the year ended October 31, 2021: 

Requirements 

Answer these questions about Ahuja’s stockholders’ equity transactions.

1. What is the par value of the company’s common stock? 

2. At what price per share did Ahuja issue its common stock during the year?

3. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders’ equity?

4. Ahuja’s statement of stockholders’ equity lists the stock transactions in the order in which they occurred. What was the percentage of the stock dividend? Round to the nearest percentage. (Ignore treasury stock in answering this question.)

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1 A1 Ahuja Specialties, Inc. Statement of Stockholders' Equity For the Year Ended October 31, 2021 2 (In millions) 3 Balance, October 31, 2020 4 Net income 5 6 7 Stock dividend Cash dividends Issuance of stock (100 shares) 8 Sale of treasury stock 9 10 Balance, October 31, 2021 Common Stock $ 430 10 44 $484 Additional Paid-in Capital $ 1,610 320 160 11 $ 2,101 Retained Earnings $ 913 480 (195) (204) $ 994 Treasury Stock $(118) 9 $ (109) Total $ 2,835 480 (195) 330 20 $3,470