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Assume that on December 31, 2016, Northem Corporation reported the stockholders' equity information shown here (with dollar amounts in millions, except per-share amounts). (Click the
Assume that on December 31, 2016, Northem Corporation reported the stockholders' equity information shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Complete the stockholders' equity section of the company's balance sheet on December 31, 2017. (Enter amounts in millions, except per-share amounts, as provided in the problem.) The company had the following items during 2017 (Click the icon to view the transactions.) Data Table Balance Sheet (Partial) Stockholders' Equity: Common stock Paid-in capital in cxcess of par-common Paid-in capital from treasury stock transactions Retained earnings Treasury stock s 3.00 par 21,000,000 shares ssued 63,000,000 Common stock, $3.00 par value per share, 21 million shares issued Paid-in capital in excess of par value Retained earnings Treasury stock, at oost 63 32 270 (80) 285 Total stockhold Total stockholders' equity More Info Print Done a. Net income, $451 million b. Issuance of 12 millio shares of common stock for 511.00 per share c. Purchase of 9 million shares of treasury stock for $126 million d. Sold 2 million of the treasury shares purchased in part c for S30 million e. Declaration and payment of cash dividends of $33 million Print Done
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