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Hickory Inc. experienced the following stockholders' equity transactions (listed in chronological order) during it's first year of operations. Based on these transactions, calculate the balances

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Hickory Inc. experienced the following stockholders' equity transactions (listed in chronological order) during it's first year of operations. Based on these transactions, calculate the balances that would appear in the stockholders' equity accounts listed below. Formatting: Please round to the nearest dollar and do not use dollar signs (i.e. enter '1,000' rather than $1,000'). All numbers should be positive. Common Stock, 100,000 shares of $1 par value common stock authorized Preferred Stock, 50,000 shares of $10 par value preferred stock authorized 1 Issued 5,000 common shares at $30 per share Exchanged 4,000 preferred shares for a piece of equipment with a fair value of 2 $49,000. 3 Issued 2,500 common shares at $25 per share 4 Purchased 500 of own common shares on the open market at $24 per share Declared a 30% common stock dividend. Common stock was trading at $23 per share 5 on the date of declaration. Hickory does not pay stock dividends on treasury stock. Resold 400 of own shares when common stock as trading at $31 per share. 7 Declared and paid $5,000 in cash dividends 8 Reported 25,000 of Net Income Common Stock Preferred Stock Additional Paid-in Capital-Common Stock Additional Paid-in Capital-Preferred Stock Additional Paid-in Capital-Treasury Stock Retained Earnings Treasury Stock

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