E11-14 Preparing a Statement of Stockholders' Equity and Evaluating Dividend Policy LO11-1, 11-3, 11-4, 11-5 The following information applies to the questions displayed below.] The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($16 par value; 104,000 shares authorized, 41,000 shares issued, 38,000 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost (3,000 shares) $656,000 183,000 16,000 84,000 (29,000) Net income for the year was $46,000. The stock price is currently $24.29 per share