I 19, 202I. 2. Issued 30,000 shares of common stock for cash at $4 per share. 3. Purchased 25,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $111,000. 5. Sold 8,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $360,000. equity Instructions Prepare a stockholders' equity statement for the year. equity section; Der share. *P14.5A (LO 2, 5) Financial Statement The following stockholders' equity accounts arranged alphabetically are in the ledger of Westin Corporation at December 31, 2020. Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Par Preferred Stock 42,400 Paid-in Capital in Excess of Stated Value Common Stock 690,000 Preferred Stock (8%, $100 par, noncumulative) 360,000 Retained Earnings 776,000 Treasury Stock-Common (7,000 shares) 92,000 Instructions a. Prepare a stockholders' equity section at December 31, 2020. b. Compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share. ders' equity Case Cookie Creations CT Thin in noontinuation of the Cookie Creations case from Chapters through 13