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Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common

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Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,100 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost $ 86,000 9,890 464,100 21,000 (9,050) Assume that no shares of treasury stock have been sold in the past. Required: Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.) per share 1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was 4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders' equity by 6. The treasury stock cost 7. Total stockholders' equity is per share The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $350,800 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,400. c Paid the dividends in (b) d. Issued 108,000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. Required: 1. Indicate the effect (+ for increase, - for decrease, +/- for increase/decrease) of each of these transactions on total assets, liabilities, and stockholders' equity. (Leave cell blank if there is no effect.) Assets Liabilities Stockholders Equity

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