Question
12/31/03 had the following balances in its S.E section of the B.S: Common Stock, $.50 par $300k APIC - Common Stock $4 million APIC -
12/31/03 had the following balances in its S.E section of the B.S:
Common Stock, $.50 par $300k
APIC - Common Stock $4 million
APIC - Share Repurchase $50k
R.E $2 million
Treasury Stock, at cost, 30k shares $(600k)
During 2004 completed the follwing transactions:
2/20: Issued40k shares of common stock (with a $.50 par value) in exchange for a machine w/ an appraised value of $800k
6/17: Resold 15k shares of treasury stock for $240k (The treasury stock was resold relates to common stock that was originally issue for $18 per share & was reacquired for $20 per share during 2003.)
12/2: Issued 10k shares of common stock for $24 per share. Share issue costs to promote the stock issuance totaled $15k
12/31: Reported NI of $1.5 million and other comprehensve income of $200k on the companys statement of comprehensive income.
Using the info provided above, what would they report within its 12/31/2004 S.E section of the B.S.
Provide the following amounts as they would appear in the B.S at 12/31/2004.
#1: APIC - Common Stock __________
#2: Retained Earnings __________
#3: Treasury Stock __________
#4: Common Shares Issued __________
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