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Following is information about TramCo before several stock transactions: Common Stock, $10 par, 100,000 shares authorized, 94,000 issued, 90,000 outstanding $ 940,000 Paid-In Capital in
Following is information about TramCo before several stock transactions: Common Stock, $10 par, 100,000 shares authorized, 94,000 issued, 90,000 outstanding $ 940,000 Paid-In Capital in Excess of Par on Common Stock 416,000 Retained Earnings 1,500,000 Less: Treasury Stock, 4000 shares 50,800 Total Stockholders Equity $2,805,200 Three stock transactions took place after the above account balances were recorded: There was a 4-for-1 stock split. There was a 5% stock dividend. The Treasury Stock was sold for $62,000. After these three transactions are properly recorded, Find out the numbers of common shares authorized, issued, outstanding, and in treasury stock
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