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Hoffman Corporation has 100,000 shares issued and 70,000 outstanding on January 1, 2019. Hoffman's book values for its equity accounts at this time are: $
Hoffman Corporation has 100,000 shares issued and 70,000 outstanding on January 1, 2019. Hoffman's book values for its equity accounts at this time are: $ Common stock Additional paid-in capital Treasury stock 100,000 1,100,000 (270,000) During 2019, Hoffman reports the following activity: . On April 30, Hoffman reissues 10,000 shares of treasury stock for $8 per share. On August 15, Hoffman reissues 8,000 shares of treasury stock for $7.50 per share. Calculate the book value of common stock, additional paid-in capital, and treasury stock as of December 31, 2019. (12 points)
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