At the beginning of 2021, Bramble Corp. had retained earnings of $324000. During the year Bramble reported net income of $74100, sold treasury stock at a gain of $27100, declared a cash dividend of $45100, and declared and issued a small stock dividend of 1430 shares ($10 par value) when the fair value of the stock was $32 per share. The amount of retained earnings available for dividends at the end of 2021 was:

$328690.

$354430.

$307240.

$22500.

2.On January 1, 2021, Sheridan Company had 122000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 11900 shares of stock to be held in the treasury. On December 1, when the market price of the stock was $14, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2021. What was the impact of the 15% stock dividend on the balance of the retained earnings account?

$231210 decrease

$91500 decrease

$256200 decrease

No effect

3. On December 31, 2020, the stockholders' equity section of Waterway Industries, was as follows:

Common stock, par value $10; authorized 35000 shares;
	issued and outstanding 10500 shares	$ 105000
Additional paid-in capital		115000
Retained earnings		182000
Total stockholders' equity		$402000

On March 31, 2021, Waterway declared a 10% stock dividend, and accordingly 1050 additional shares were issued, when the fair value of the stock was $16 per share. For the three months ended March 31, 2021, Waterway sustained a net loss of $40200. The balance of Waterways retained earnings as of March 31, 2021, should be

$141800.

$135500.

$131300.

$125000.