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On January 1, 2015, Stronger Corporation, a publicly traded company, had these shareholders equity accounts: Common shares (Unlimited number of shares authorized, 100,000 issued) $500,000

On January 1, 2015, Stronger Corporation, a publicly traded company, had these shareholders equity accounts:

Common shares (Unlimited number of shares authorized, 100,000 issued)

$500,000

Contributed capital

$35,000

Retained earnings

$200,000

On Feb 1 the company declared a $2.00 per share cash dividend to common shareholders. The stocks market price was $20.00. February 15th is the date of record and March 1st is the date of payment. On February 15ththe stocks market price was $21.00 and on March 1st the stocks market price was $23.00.

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed capital and dollars of retained earnings after the above transactions at March 1st, 2015.

January 1, 2015

March 1, 2015

Number of common shares

100,000

Common shares

$500,000

$

Contributed capital

$35,000

$

Retained earnings

$200,000

$

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