at the end of 2013 Hayley corporation had the following corporation had the following equity accounts and balances:

Common stock , $10 par $800.00

Additional paid-in capital -common stock 200,000

retained earnings 279,000

During 2014, Haley engaged in the following tansactions involving its equity accounts:

A. Sold 5,000 shares of common stock for $19 per share.

b. sold 1,200 shares of 12%. $50 par preferred stock at $75 per share.

c. Declared and paid cash dividends of $22,000

D Repurchased 1,000 shares of treasury stock(common) for $24 per share.

E. Sold 300 of the treasury shares fro $26 per share.

Required: 1. Prepare the journal entries for Transactions a-e

2. assume the 2014 net income was $123,700. Prepare a statement of stockholders equity at December 31, 2014.

Date			Account and Explanation						Debit		Credit
2014
			(Record sale of common stock)
			(Record sale of preferred stock)
			(Record declaration and payment of dividends)
			(Record purchase of treasury shares)
			(Record reissue of treasury shares)

Haley Corporation

Balance Sheet (Partial)

December 31, 2014

Stockholders equity: