Nikron Corporation issued 40,000 shares of $1.00 par value common stock during the year for $40 each. Nikron also repurchased treasury stock for $30,000 Net income for the year was $280,000. The company also paid cash dividends of $50,000. What was the total change in Nikron's stockholders' equity for the year? Common stock Paid-in capital in excess of par value 40,000 1,560,000 Treasury Stock Net Income Dividends Total Change in Stockholders' Equity 30,000 x 280,000 50,000 x 1,960,000