Business Market, Inc., reported the following statement of stockholders' equity for the year ended September 30, 2018: B (Click the icon to view the statement of stockholders' equity.) Data Table Business Market, Inc. Statement of Stockholders' Equity Year Ended September 30, 2018 Additional Total Common stock Balance, September 30, 2017 $ 172,000 $ Net income paid-in Retained Treasury Stockholders' capital earnings stock Equity 390,000 $ 310,000 $ (16,000) $ 856,000 540,000 540,000 (100,000) (100,000) 16,000 24,000 57,000 (74,000) 0 5,000 11,000 Cash dividends Issuance of stock (4,000 shares) Stock dividend 8,000 17,000 Sale of treasury stock 6,000 $ 197,000 $ 468,000 $ 676,000$ (10,000) $ 1,331,000 Balance, September 30, 2018 Print Done The 1. What is the par value of the company's common stock? 2. At what price per share did the company issue its common stock during the year? 3. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders' equity from selling the treasury stock? 4. What overall effect did the stock dividend have on total stockholders' equity? Business Market, Inc., reported the following statement of stockholders' equity for the year ended September 30, 2018: (Click the icon to view the statement of stockholders' equity.) Read the requirements. Requirement 1. What is the par value of the company's common stock? The par value of the company's common stock is $ Requirement 2. At what price per share did the company issue its common stock during the year? The company issued its common stock at $ per share during the year. Requirement 3. What was the cost of treasury stock sold during the year? What was the selling price of the treasury stock sold? What was the increase in total stockholders' equity from selling the treasury stock? Start by answering the first question. What was the cost of treasury stock sold during the year? The total cost of the treasury stock sold during the year was $ What was the selling price of the treasury stock sold? The total selling price of the treasury stock sold was $ What was the increase in total stockholders' equity from selling the treasury stock? The increase in total stockholders' equity as a result of the sale of treasury stock was $ Requirement 4. What overall effect did the stock dividend have on total stockholders' equity? The stock dividend decreased total stockholders' equity by $74,000 had no effect on total stockholders' equity increased total stockholders' equity by $74,000 increased total stockholders' equity by $17,000
