Issued 10,000 shares of $2.00 par value common stock for $12.00 per share.

- Issued 3,000 shares of $50 par value 6% preferred stock for $70 per share.

- Purchased 1,000 shares of previously issued common stock for $15.00 per share.

- Reported net income of $200,000.

- Declared and paid a total dividend of $40,000.

Assume that retained earnings had a beginning balance of $75,000.

Question 10 options:

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$60,000

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$550,000

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$150,000

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$20,000

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$235,000

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$330,000

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$100,000

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$15,000

options

Treasury stock
2.	Retained earnings
3.	Preferred stock
4.	Excess of issue price over par (preferred)
5.	Common stock
6.	Total paid-in capital
7.	Excess of issue price over par (common)
8.	Total stockholders equity