13) Presented below is the stockholders equity section of Blue Corporation at December 31, 2020:

Common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $900,000

Paid-in-capital in excess of par value 350,000

Retained earnings 500,000

During 2021, the following transactions occurred related to stockholder equity:

3,000 shares were reacquired at $26 per share.

3,000 shares were reacquired at $35 per share.

3,200 shares of treasury stock were sold at $30 per share.

For the year ended December 31, 2021, Blue reported net income of $450,000. Assuming Blue accounts for treasury stock under the cost method, what should it report as total stockholders equity on its December 31, 2021, balance sheet?

14) Brown Company has 100,000 shares of $5 par value common stock outstanding. During the year, Brown declared a 6% stock dividend when the market price of the stock was $12 per share. Six months later, Brown declared a $.25 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by?

15) Jersey, Inc. has outstanding 300,000 shares of $3 par common stock and 100,000 shares of no-par 5% preferred stock with a stated value of $8. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past three years and the current year. Assuming that $130,000 will be distributed as a dividend in the current year, how much will the preferred stockholders receive?