Help Save & Exit Submit Check my work $ 5,890 Paid-in capital: 54.60 Preferred stock, 5 2 par value, cumulative, 200,000 shares authorized, 95,000 shares issued and outstanding Common stock, $5 par value, 4,000,000 shares authorized, 3,290,000 shares issued, 3,000,000 shares outstanding Additional paid-in capital on common stock Retained earnings Less: Treasury common stock, at cost, 2 shares Total stockholders' equity 23,359 $ 66,835 $ 60,376 The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here: 1. 310,000 shares of common stock were issued at $15.60 per share, 2. 80,000 shares of treasury common) stock were sold for $18.1 per share. 3. Net income for the year was $1,290 (in thousands) 4. The fiscal 2020 preferred dividends were paid in full. Assume that all 95.000 shares were outstanding throughout the year ended June 30, 2020 5. A cash dividend of $0.20 per share was declared and paid to common stockholders. Assume that transactions (1) and (2) occurred before the dividend was declared 6. The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4.) Required: 2-1. Record the effect of transactions 1-6 in journal entry format a-2. Calculate the dollar amounts that De Zurik Corp. would report for each stockholders' equity caption on its June 30, 2020. balance sheet, after recording the effects of transactions 1.6. Also the treasury stock was purchased at $18.1. o earch a hop O