Pueblo, Inc., ended 2018 with 8 million shares of $1 par common stock issued and outstanding. On December 31, 2018, additional paid-in capital was $16 million, and retained earnings totaled $38 million.

■ In April 2019, Pueblo issued 6 million shares of common stock at a price of $3 per share.
■ In June, the company declared and distributed a 10% stock dividend at a time when Pueblo’s common stock had a market value of $13 per share.
■ Then in September, Pueblo’s stock price dropped to $1 per share and the company purchased 6 million shares of treasury stock.
■ For the year, Pueblo earned net income of $26 million and declared cash dividends of $15 million.

Requirement
1. Complete the following tabulation to show what Pueblo, Inc., should report for stockholders’ equity at December 31, 2019. Journal entries are not required.

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Additional Paid-In Capital Treasury Stock Common Stock Retained + Earnings Total Equity (Amounts in millions) Balance, Dec 31, 2018... Issuance of stock. Stock dividend.. Purchase of treasury stock.. Net income.. Cash dividends.. Balance, Dec 31, 2019.. $8 $16 $38 $62