E10-29A. (Learning Objectives 2, 3, 4: Account for issuance of stock; show how treasury stock affects a company; account for dividends) At December 31, 2018, Atlantic Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts) Common stock $3.00 par value per share, 21 million shares issued.. . Paid-in capital in excess of par value.... Retained earning. Treasury stock, at cost Total stockholders' equity $ 63 32 245 (20 $320 Atlantic's 2019 transactions included a. Net income, $440 million . Issuance of 4 million shares of common stock for $14.00 per share c. Purchase of 5 million shares of treasury stock for $60 million d. Sold 2 million of the treasury shares purchased in part c for $28 million e. Declaration and payment of cash dividends of $32 million