2) The stockholders' equity section of a company's balance sheet at the beginning of a year is given below: Common stock, $10 par value Additional paid-in-capital. Retained earnings. Treasury stock (40 shares @ $30 per share) Total stockholders' equity. During the year the following events affected stockholders' equity accounts in the order in which presented below: $ 6,000 5,400 4,100 15,500 (1,200) $ 14,300 1. Cash dividends amounting to $2 per share were declared and paid to outstanding shares (i.c., treasury stock does not participate in cash dividends). 2. The 40 shares of treasury stock were sold for $1,400 (or $35 per share). 3. A 5% stock dividend was declared and distributed with a reported value of $1,140 (or $38 per share). 4. An additional 50 shares of $10 par value common stock were issued for $36 per share. 5. Reported net income for the year was $2,750. The balance of stockholders' equity at the end of the year (after all the above events have been recorded) amounts to: A) $20,270 B) $19,130 C) $19,050 D) $18,930 E) $17,830

2) The stockholders' equity section of a company's balanee sheet at the beginning of a year is given below: During the year the following events affected stockholders' equity accounts in the order in which presented below: 1. Cash dividends amounting to $2 per share were declared and paid to outstanding shares (i.e., treasury stock does not participate in cash dividends). 2. The 40 shares of treasury stock were sold for $1,400 (or $35 per share). 3. A 5% stock dividend was declared and distributed with a reported value of $1,140 (or $38 per share). 4. An additional 50 shares of $10 par value common stock were issued for $36 per share. 5. Reported net income for the year was $2,750. The balance of stockholders' equity at the end of the year (after all the above events have been recorded) amounts to: A) $20,270 B) $19,130 C) $19,050 D) $18,930 E) $17,830