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Daejeon Motors Corporation Stockholders' Equity January 1, 2021 i. preceded transaction ii. and transaction ii. preceded transaction iii. and so on): i. Sold an additional

image text in transcribedimage text in transcribed Daejeon Motors Corporation Stockholders' Equity January 1, 2021 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

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