A company reports the following stockholders' equity balances as of January 1, 2021.

January 1 balances
Preferred stock, $130 par value, 7% stated rate, 26,000 shares authorized, 5,200 shares issued and outstanding	$676,000
Paid-in capital in excess of par - preferred stock	46,800
Common stock, $8 par value, 450,000 shares authorized, 45,000 shares issued and outstanding	360,000
Paid-in capital in excess of par - common stock	540,000
Retained earnings	430,000

The following transactions occurred during 2021.

• Employees exercised 15,000 stock options that were granted in 2013 and had a 3-year vesting period. These options had an estimated fair value of $11 at the grant date, and an exercise price of $19. There were no other vested or unvested options after this exercise.
• Awarded 2,500 shares of stock to new executives, when the stock price was $29.
• Sold 11,500 shares to employees under the company-wide stock purchase plan. Under the plan, employees purchased the shares at a 10% discount when the stock price was $26 per share.
• Granted 43,000 new stock options, with a strike price of $27 and an estimated fair value of $12. The options vest over 3 years.

Complete the table below to show the impact of these transactions on the following equity account balances. Assume that the company reports pretax income of $582,000 before the effects of stock-based compensation. Assume the company has a 35% tax rate.

	Common Stock
	Shares issued (#)	Par value ($)	Paid-in capital - Excess of par	Retained Earnings
Beginning of year	45,000	$360,000	$540,000	$430,000
Stock options exercised	Question Blank 1 of 13	Question Blank 2 of 13	Question Blank 3 of 13
Stock award	Question Blank 4 of 13	Question Blank 5 of 13	Question Blank 6 of 13
Employee stock purchase	Question Blank 7 of 13	Question Blank 8 of 13	Question Blank 9 of 13
Stock options granted	Question Blank 10 of 13	Question Blank 11 of 13	Question Blank 12 of 13
Net income				Question Blank 13 of 13