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For 4 - 5 use the following Balance Sheet (partial) at 12/31 Stockholders' Equity: Common stock (par $0.01) $1,500 Additional Paid in capital 5,548,500 Total

For 4 - 5 use the following Balance Sheet (partial) at 12/31 Stockholders' Equity: Common stock (par $0.01) $1,500 Additional Paid in capital 5,548,500 Total paid in capital 5,550,000 Retained earnings 1,250,000 Treasury stock (3,000 shares) (150,000) Total stockholders' equity $6,650,000 Assume that the company resold 1,000 shares of its treasury stock for $60 per share. 4. How much would additional paid in capital change? $_______ 5. How much would Stockholders Equity change? $_______

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