4. Waterway Corporation was organized on January 2, 2018. During 2018, Waterway issued 39900 shares at $24 per share, purchased 6000 shares of treasury stock at $26 per share, and had net income of $602000. What is the total amount of stockholders equity at December 31, 2018?

a. $1415600

b.$1439600

c.$1403600

d.$1279600

5.Coronado, Inc. has 6000 shares of 8%, $100 par value, noncumulative preferred stock and 24000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $64200 dividend in 2015. What is the amount of dividends received by the common stockholders in 2015?

$0

$48000

$64200

$16200

Suzy Vopat has owned and operated a proprietorship for several years. On January 1, she decides to terminate this business and become a partner in the firm of Vopat and Sigma. Vopat's investment in the partnership consists of $11,900 in cash, and the following assets of the proprietorship: accounts receivable $14,600 less allowance for doubtful accounts of $1,600, and equipment $21,000 less accumulated depreciation of $3,600. It is agreed that the allowance for doubtful accounts should be $2,400 for the partnership. The fair value of the equipment is $12,700 Journalize Vopat's admission to the firm of Vopat and Sigma. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1