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I Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.05 par common stock. During 20XE, Thad the
I Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $0.05 par common stock. During 20XE, Thad the following transactions relating to shareholders' equity, including earning $790,000 in net income for 20XE. + Common stock Effect on Total Stockholders' Equity Shares APIC Per share $15.00 $19.00 400,000 200,000 590,000 Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year $1.00 $22.00 23. $. What is the additional paid-in capital at the end of 20XE? 24.$ What is total Paid-in capital at the end of 20XE? 25. $. What is total retained earnings at the end of 20XE? 26. $ What is total stockholders' equity at the end of 20XE
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