Haywood Co. is a publicly owned company whose shares are traded on a national stock exchange. At January 1 Haywood had 25 million shares of $10 par value common stock authorized, of which 15 million shares were issued and 14 million shares were outstanding.

The stockholders equity accounts at January 1 had the following beginning balances ($ millions).

Common stock	$150
Paid-in capital in excess of par	80
Retained earnings	50
Treasury stock	(18)

During the year, Haywood had the following transactions. 1. On February 1, a secondary distribution of 2 million shares of $10 par value common stock was completed. The stock was issued to the public at $18 per share, net of issue costs. 2. On February 15, issued at $110 per share, 100,000 shares of $100 par value, 8% cumulative preferred stock. 3. On March 1, reacquired 20,000 shares of its common stock for $18.50 per share for the treasury. 4. On March 31, declared a semi-annual cash dividend on common stock of 10 cents per share, payable on April 30 to stockholders of record on April 10. 5. On May 31, when the market price of the common stock was $20 per share, declared a 5% stock dividend distributable on July 1 to stockholders of record on June 1. 6. On June 30, sold the 20,000 treasury shares reacquired on March 1 and an additional 280,000 treasury shares costing $5.6 million that were held at the beginning of the year. The selling price was $25 per share.

****ABOVE INFORMATION IS ALREADY CONFIRMED CORRECT. NEED HELP ON FOLLOWING INFORMATION******

7. On September 30, declared a semi-annual cash dividend on common stock of 10 cents per share and the yearly dividend on preferred stock, both payable on October 30 to stockholders of record on October 10. 8. Net income for the year was 25.0 million.

C. Provide a summary of the year-end balances of the companys stockholders equity accounts, including preferred stock, common stock, paid-in capital in excess of par, retained earnings, and treasury stock. Note: Use a negative sign with contra account(s)

\begin{tabular}{|c|c|c|c|c|} \hline Date & Account Name & & Dr. & Cr. \\ \hline \multirow[t]{4}{*}{ Feb. 1} & Cash & v & 36,000,000 & 0 \\ \hline & Paid-in Capital in Excess of Par-Common Stock & v & 0 & 16,000,000 \\ \hline & Common Stock & v & 0 & 20,000,000 \\ \hline & To record issuance of common stock & & & \\ \hline \multirow[t]{4}{*}{ Feb. 15} & Cash & v & 11,000,000 & 0 \\ \hline & Paid-in Capital in Excess of Par-Preferred Stock & & 0 & 1,000,000 \\ \hline & Preferred Stock & v & 0 & 10,000,000 \\ \hline & To record issuance of preferred stock & & & \\ \hline \multirow[t]{3}{*}{ Mar. 1} & Treasury Stock & v & 370,000 & 0 \\ \hline & Cash & & 0 & 370,000 \\ \hline & To record acquisition of common stock & & & \\ \hline \multirow[t]{3}{*}{ Mar. 31} & Retained Earnings & & 1,598,000 & 0 \\ \hline & Dividends Payable & v & 0 & 1,598,000 \\ \hline & Torecordcashdividendsdeclared & & & \\ \hline \multirow[t]{3}{*}{ April 30} & Dividends Payable & v & 1,598,000 & 0 \\ \hline & Cash & v & 0 & 1,598,000 \\ \hline & To record cash dividend payment & & & \\ \hline \multirow[t]{4}{*}{ May 31} & Retained Earnings & v & 15,980,000 & 0 \\ \hline & Common Stock Dividends Distributable & v & 0 & 7,990,000 \\ \hline & Paid-in Capital in Excess of Par-Common Stock & v & 0 & 7,990,000 \\ \hline & To record stock dividend on date of declaration & & & \\ \hline \multirow[t]{3}{*}{ June 30} & Cash & & 7,500,000 & 0 \\ \hline & Paid-in Capital-Treasury Stock & v & 0 & 1,530,000 \\ \hline & Treasury Stock & v & 0 & 5,970,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ Stockholders' Equity } \\ \hline Preferred stock & $ & 0 \\ \hline Common stock & & 0 \\ \hline Paid-in capital in excess of par & 0 \\ \hline Retained earnings & & 0 \\ \hline Treasury stock & $ & 0 \\ \hline & $ & 0 \\ \hline \end{tabular} Cash Cash Equipment Common Stock Preferred Stock Treasury Stock Common Stock Dividends Distributable Dividends Payable Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital-Retired Stock Paid-in Capital-Treasury Stock Income Summary Retained Earnings Unrealized Gain or Loss_Income N/A To close income summarv to retained earnings \begin{tabular}{|c|c|c|c|c|} \hline Date & Account Name & & Dr. & Cr. \\ \hline \multirow[t]{4}{*}{ Feb. 1} & Cash & v & 36,000,000 & 0 \\ \hline & Paid-in Capital in Excess of Par-Common Stock & v & 0 & 16,000,000 \\ \hline & Common Stock & v & 0 & 20,000,000 \\ \hline & To record issuance of common stock & & & \\ \hline \multirow[t]{4}{*}{ Feb. 15} & Cash & v & 11,000,000 & 0 \\ \hline & Paid-in Capital in Excess of Par-Preferred Stock & & 0 & 1,000,000 \\ \hline & Preferred Stock & v & 0 & 10,000,000 \\ \hline & To record issuance of preferred stock & & & \\ \hline \multirow[t]{3}{*}{ Mar. 1} & Treasury Stock & v & 370,000 & 0 \\ \hline & Cash & & 0 & 370,000 \\ \hline & To record acquisition of common stock & & & \\ \hline \multirow[t]{3}{*}{ Mar. 31} & Retained Earnings & & 1,598,000 & 0 \\ \hline & Dividends Payable & v & 0 & 1,598,000 \\ \hline & Torecordcashdividendsdeclared & & & \\ \hline \multirow[t]{3}{*}{ April 30} & Dividends Payable & v & 1,598,000 & 0 \\ \hline & Cash & v & 0 & 1,598,000 \\ \hline & To record cash dividend payment & & & \\ \hline \multirow[t]{4}{*}{ May 31} & Retained Earnings & v & 15,980,000 & 0 \\ \hline & Common Stock Dividends Distributable & v & 0 & 7,990,000 \\ \hline & Paid-in Capital in Excess of Par-Common Stock & v & 0 & 7,990,000 \\ \hline & To record stock dividend on date of declaration & & & \\ \hline \multirow[t]{3}{*}{ June 30} & Cash & & 7,500,000 & 0 \\ \hline & Paid-in Capital-Treasury Stock & v & 0 & 1,530,000 \\ \hline & Treasury Stock & v & 0 & 5,970,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ Stockholders' Equity } \\ \hline Preferred stock & $ & 0 \\ \hline Common stock & & 0 \\ \hline Paid-in capital in excess of par & 0 \\ \hline Retained earnings & & 0 \\ \hline Treasury stock & $ & 0 \\ \hline & $ & 0 \\ \hline \end{tabular} Cash Cash Equipment Common Stock Preferred Stock Treasury Stock Common Stock Dividends Distributable Dividends Payable Paid-in Capital in Excess of Par-Common Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital-Retired Stock Paid-in Capital-Treasury Stock Income Summary Retained Earnings Unrealized Gain or Loss_Income N/A To close income summarv to retained earnings