E14-4 Identify the effects of the following transactions on total stockholders' equity. Each transaction is independent.

a. Purchase of 1.500 shares of treasury stock (par value $0.50) at $5 per share.

b. A 50% stock dividend. Before the dividend, 5.000.000 shares of $1 par common stock were outstanding: market value was $13.75 at the time of the dividend.

c. A 10% stock dividend. Before the dividend. 500.000 shares of $1 par common stock were outstanding; market value was $7.625 at the time of the dividend.

d. Sale of 600 shares of $5 par treasury stock for $7.00 per share. Cost of the treasury stock was $2.00 per share.

e. A 3-for-1 stock split. Prior to the split, 60,000 shares of $4.50 par common were out- standing.

f. Issuance of 50,000 shares of $10 par common at $16.50.