Accounting for Shareholders Equity Transactions The shareholders equity section of the balance sheet of The Claremont Company appeared as follows at the end of the first year of operations:

Common stock, $0.1 par value	$600,000
Additional paid-in-capital	89,400,000
Retained earnings	32,000,000
Treasury stock	(7,500,000)
Shareholders equity	$114,500,000

During the second year of operations, the following transactions occurred:

1. Generated net income of $6 million.

2. Paid a cash dividend of $1.5 million.

3. Purchased 100,000 shares of common stock at $9.5 per share.

4. Executed a 1-for-2 reverse stock split.

Prepare the shareholders equity section of the balance sheet of Claremont Company at the end of the second year of operations.

The Claremont Company Stockholders Equity December 31, Year 2
Common stock, par value	$Answer
Additional paid-in-capital	Answer
Retained earnings	Answer
Treasury stock	Answer
Total shareholders equity	$Answer