CHANGES IN EQUITY. Duncan Data Systems engaged in the following transactions this year:

a) Sold 21,000 shares of $5 par common stock for $8 per share.

b) Declared a $14,300 cash dividend.

c) Paid the $14,300 cash dividend.

d) Declared and paid in one transaction a 10% stock dividend. At the time of the dividend, there were 50,000 shares of $5 par common stock outstanding. The market price of the stock was $9 per share when the dividend was declared and paid.

e) Purchased 4,200 shares of stock (common) for the treasury at a cost of $11 per share.

f) Sold 2,200 shares of the treasury stock for $13 per share.

g) Sold the remaining 2,000 treasury shares for $10 per share.

REQUIRED:

For each of these transactions, indicate the effect on capital stock, retained earnings, and total stockholders’ equity.