16. On May 4, 2013, Docker, Inc., purchased 600 shares of its own common stock in the market at a price of $17.50 per share. On September 19, 2013, 500 of these shares were sold in the open market at a price of $21.00 per share. There were 36,000 shares of Docker common stock outstanding prior to the May 4 purchase of treasury stock. A $.45 per share cash dividend on the common stock was declared and paid on June 15, 2013.

a) Use the horizontal model on Docker's financial statements of the purchase of the treasury stock on May 4.(Enter decreases to account balances with a minus sign.)

Balance Sheet Income Statement

Assets=Liabilities+Stakeholders Equity Net Income=Revenue-Expenses

________=_________+_______________ ____________=________________-___________________

b) Use the horizontal model on Docker's financial statements of the declaration and payment of the cash dividend on June15, 2013.(Enter decreases to account balances with a minus sign.)

Balance Sheet Income Statement

Assets=Liabilities+Stakeholders Equity Net Income=Revenue-Expenses

________=_________+_______________ ____________=________________-___________________

c) Use the horizontal model on Docker's financial statements of the declaration and payment of thesale of the treasury stock on September 19, 2013.(Enter decreases to account balances with a minus sign.)

Balance Sheet Income Statement

Assets=Liabilities+Stakeholders Equity Net Income=Revenue-Expenses

________=_________+_______________ ____________=________________-___________________

________=_________+_______________ ____________=________________-___________________