178-4 On January 1, Year 8, Electric Pump Company has total stockholders' equity of $4,400,000 and 50,000 outstanding shares of a single class of capital stock. During Year 8, the corporation completes the following transactions affecting its stockhold- ers' equity accounts: Jan. 10 The board of directors delcares a cash dividend of $4.20 per share, payable on February 15. Apr. 30 The capital stock is split, two shares for one. June 11 The corporation acquires 2,000 shares of its own capital stock at a cost of $56.60 per share. July 21 All 2,000 shares of the treasury stock are reissued at a price of $61.60 per share. Nov. 10 A 5% stock dividend is declared and distributed (market value $60 per share). Dec. 31 Net income of $378,000 (equal to $3.60 per share) is reported for Year 8. Instructions Compute the amount of total stockholders' equity, the number of shares of capital stock outstanding, and the book value per share following each successive transaction. Organize your solution as a three-column schedule with sepa- rate column headings for (1) Total Stockholders' Equity, (2) Number of Shares Outstanding, and (3) Book Value per Share