STATEMENT OF STOCKHOLDERS’ EQUITY At the end of 2009, Jeffco, Inc., had the following equity accounts and balances:

Common stock, $20 par $410,000 Paid-in capital in excess of par, common stock 381,400 Retained earnings 102,470 During 2010, Jeffco engaged in the following transactions involving its equity accounts:

a. Sold 2,900 shares of common stock for $41 per share.

b. Sold 1,500 shares of 12 percent, $100 par preferred stock at $102 per share.

c. Declared and paid cash dividends of $11,500.

d. Purchased 1,000 shares of treasury stock (common) for $45 per share.

e. Sold 600 of the treasury shares for $43 per share.

Required:

. Provide the journal entries for a through e.

. Assume that 2010 net income was $51,300. Prepare a statement of stockholders’

equity at December 31, 2010.