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On January 1, 2014, the stockholders equity section of Newlin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,098,900;
On January 1, 2014, the stockholders equity section of Newlin Corporation shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,098,900; and retained earnings $1,246,900. During the year, the following treasury stock transactions occurred.
Sold 8,960 treasury shares for cash at $14 per share
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