Daejeon Motors Corporation

Stockholders' Equity

January 1, 2021

Contributed Capital

Common Stock at par $11,000

(Par value $1.00. Authorized Shares 50,000; Issues Shares 1,000)

Paid-in Capital in Excess of Par Value, Common 69,000

Total Contributed Capital 80,000

Treasury Stock at cost 1,000 shares (10,000)

Retained Earnings 50,000

Total Stockholders' Equity $120,000

Daejeon Motors Corporations January 1, 2021 balance sheet contained the shareholders' equity section shown above. The following equity transactions occurred sequentially during 2021 (i.e., transaction i. preceded transaction ii. and transaction ii. preceded transaction iii. and so on):

i. Sold an additional 4,000 shares of authorized common stock at $10 per share to a hedge fund.

ii. Purchased 800 treasury shares at $11 per share.

iii. Declared a 2-for-1 stock split, increased authorized shares to 100,000, and reduced par value of the common stock to $0.50 per share.

iv. Declared a 10% stock dividend. The price of BBC stock on this day was $15 a share.

v. Declared and paid a cash dividend of $ 1.50 per share.

vi. Sold 1,000 of the treasury shares acquired in transaction ii. above at $7.50 per share.

vii. Reported net income for the year ended December 31, 2021, of $10,000.

Required: For each of the above transactions, determine the dollar amount and effect on

1. Common Stock at Par,
2. Paid in Excess of Par,
3. Retained Earnings,
4. Treasury Stock,
5. Total Stockholders' Equity,
6. Shares Issued, and
7. Shares Outstanding.

[Use the template provided]