A company reported total stockholders' equity of $337,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $41,300, declared and paid a cash dividend of $9,300, declared and distributed a 10% stock dividend with a $11,300 total market value, issued additional common stock for $57,000, and paid $13,300 to purchase treasury stock. What is total stockholders' equity as of December 31, 2019?

• $439,300.

• $412,700.

• $401,400.

• $426,000.

RKJ Company has provided the following information:

• 100,000 shares of $5 par value common stock are authorized
• 80,000 shares have been issued
• 75,000 shares are outstanding

The 80,000 shares of issued common stock were issued for $9 per share.

Which of the following statements is correct?

• Common stock is reported at $400,000 on the balance sheet.

• Common stock is reported at $720,000 on the balance sheet.

• Additional-paid in capital is reported at $300,000 on the balance sheet.

• Treasury stock is reported at $45,000 on the balance sheet.