Changes in Stockholders’ Equity The stockholders’ equity accounts of Astor Corporation at December 31, 2000 and 2001 appear as follows:

Astor declared and paid a $50,000 cash dividend during 2001. What do you think caused the changes in reported stockholders’ equity accounts? Compute the amount of each of the items resulting in change.

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Common stock Additional paid-in capital Retained earnings 2000 $ 200,000 2001 $ 200,000 620,000 535,000 470,000 580,000 $1,205,000 $1,400,000 Less treasury stock (175,000) (35,000) Total stockholders' equity $1,030,000 $1,365,000