Common Stock, $250 par : 12,400,000

Paid In-Capital from Sale of Treasury Stock: 2,000,000

Paid In-Capital in Excess of Par- Common Stock: 6,600,000

Retained Earnings: 24,800,000

Treasury Stock: 4,200,000

Based on the amounts shown, answer the following questions.

1. What are two kinds of Paid-in -Capital Accounts?

2. How will the payment of Cash Dividend affect the total Equity (Please be specific with your answer).

3. How will issuance of stock equity affect the total equity? (Please be specific with your answer).

4. How many shares of Common Stock have been sold? How many are outstanding?

5. How many shares of the Treasury Stock does the Corporation have? How does it affect the Stockholders Equity?