Copper, Inc., initially issued 100,000 shares of $1 par value stock for $500,000 in 2008. In 2010, the company repurchased 10,000 shares for $100,000. In 2011, 5,000 of the repurchased shares were resold for $80,000. In its balance sheet dated December 31, 2011, Copper, Inc.'s Treasury Stock account shows a balance of: a. $ 0 b. $ 20,000 c. $ 50,000 d. $100,000 Whipple Company has 1,000,000 shares of common stock authorized with a par value of $3 per share, of which 600,000 shares are outstanding. When the market value was $8 per share, Whipple issued a stock dividend whereby for each six shares held one share was issued as a stock dividend. The par value of the stock was not changed. What entry should Whipple make to record this transaction? LO7 a. Retained earnings $300,000 Common stock $300,000 b. Additional paid-in capital 300,000 Common stock 300,000 c. Retained earnings 800,000 Common stock 300,000 Additional paid-in capital 500,000 d. Additional paid-in capital 800,000 Common stock 300,000 Retained earnings 500,000