Popovich Computers, Inc., reported the following statement of stockholders? equity for the year ended September 30, 2018:

Requirements

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

2. At what price per share did the company 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 from selling the treasury stock?

4. What overall effect did the stock dividend have on total stockholders? equity?

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Popovich Computers, Inc. Statement of Stockholders' Equity Year Ended September 30, 2018 Total Stockholders' Additional Common Stock Retained Treasury Stock Paid-in Capital (Dollar amounts in thousands) Balance, September 30, 2017 Net Income Cash Dividends Issuance of Stock (9,000 shares) Stock Dividend Sale of Treasury Stock Balance, September 30, 2018 Earnings $708,000 519,000 (118,000) Equity $1,430,000 $ (16,000) $178,000 $560,000 519,000 (118,000) 67,050 16,200 50,850 (117,000) 94,000 5,000 23,000 10,000 $ (6,000) 15,000 $217,200 $709,850 $992,000 $1,913,050