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Anne Cleves Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000
Anne Cleves Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 10%, $100 par (10,000 shares authorized, 2,000 shares issued) Common stock, $5 par (100,000 shares authorized, 20,000 shares issued) Additional paid-in capital Retained earnings Total 1. N 2. 3. During 2020, Cleves took part in the following transactions concerning stockholders' equity. 4. 5. 6. Issued the stock dividend. $200,000 -- 100,000 - 125,000 Paid the annual 2019 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. Search 450,000 Purchased 1,700 shares of its own outstanding common stock for $40 per share. Cleves uses the cost method. Reissued 700 treasury shares for land valued at $30,000. Issued 500 shares of preferred stock at $105 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $45 per share. $875,000 C
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