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he stockholders equity section of Hasbro Corp. Contained the following at 1/1/2021 Common Stock (200,000 issued) $1 par value 200,000 Additional Paid in Capital -

he stockholders equity section of Hasbro Corp. Contained the following at 1/1/2021

Common Stock (200,000 issued) $1 par value 200,000

Additional Paid in Capital - Common Stock 700,000

Retained Earnings 900,000 Treasury Stock (2,000 shares) (14,000)

During 2020, Hasbro had the following transactions.

4/1 Purchased 5,000 shares of common stock at $7 per share to be held in treasury

7/1 Declared and distributed a 15% stock dividend when the market was $9 per share

10/1 Issued 7,000 shares of common stock at $8 per share.

11/1 Reissued 2,000 shares of common treasury stock for $16,000

12/1 Declared a cash dividend of $1.00 per share for common stock.

A. Record each of the transactions in a journal entry:

B. Determine the ending balance of Retained Earnings at 12/31/2021 (NOT A SE SECTION, JUST R/E). The Company had $225,000 in Net Income in 2021

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