At December 31, 2009, Maloney, Corp., reported the following stockholders’ equity.

During 2010 Maloney completed these transactions and events in this order:

a. Sold 1,000 shares of treasury stock for \($42\) per share; the cost of these shares was \($32\) per share.

b. Issued 1,400 shares of common stock at \($15\) per share.

c. Net income for the year was \($215,000\).

d. Declared and paid cash dividends of \($115,000\).

Requirement

1.Prepare Maloney’s statement of stockholders’ equity for 2010.

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Paid-in Capital: Common Stock, $2 par, 200,000 shares authorized, 105,000 shares issued Additional Paid-in Capital Total Paid-in Capital Retained Earnings Subtotal Less: Treasury stock, 2,700 shares at cost Total Stockholders' Equity $ 210,000 115,000 325,000 690,000 1,015,000 (86,400) $ 928,600