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Company A was organized at the start of 2021. The company was authorized to issue 20,000 shares of $1 par common stock. During 2021, the
Company A was organized at the start of 2021. The company was authorized to issue 20,000 shares of $1 par common stock. During 2021, the company had the following transactions related to shareholders' equity:
- Issued 236 of common stock at $8 per share
- Issued 287 of common stock at $2 per share
- Reported net income of $1,524
- Paid dividends of $320
- Purchased 26 shares of treasury stock at $11
What was total shareholders' equity at the end of 2021? Do not include dollar signs.
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