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DSI Inc. is planning to raise additional capital for expansion by selling 500,000 common shares at $16 each. The existing stockholders equity section of their
DSI Inc. is planning to raise additional capital for expansion by selling 500,000 common shares at $16 each. The existing stockholders equity section of their balance sheet is shown below. What will the retained earnings figure be immediately after the sale of the new equity? Common stock; $1 par value; authorized, 3,000,000 shares; issued and outstanding, 3,000,000 shares $ 3,000,000 Additional paid-in capital 6,500,000 Retained earnings 4,752,000 Total stockholders equity $14,252,000
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