Question
D Question 36 As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase $10,000 300,000 10,000 Common
D Question 36 As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase $10,000 300,000 10,000 Common stock and other paid-in capital accounts 2,000,000 Retained earnings 1,500,000 2.5 pts During 2022, half of the treasury stock was resold for $120,000; net income was $300,000; cash dividends declared were $250,000; and small stock dividends declared and distributed were $200,000. What would shareholders' equity be as of December 31, 2022? $3,410,000. $3,380,000. $3,910,000 $3,880,000
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