On January 1, 2020, Oriole Company had the following stockholders equity balances. $932,000 528,000 Common Stock (466,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 46,600 631,000 During 2020, the following transactions and events occurred. 1. 2 Issued 23,300 shares of $2 par value common stock as a result of 5% stock dividend declared on December 15, 2019. Issued 33,000 shares of common stock for cash at $5 per share. Purchased 22,500 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $110,000 3. 4. 5. Sold 7,800 shares of treasury stock for cash at $5 per share. 6. Earned net income of $324,000. Oriole Company Stockholders' Equity Statement Paid in Capital in Excess of Par- Common Stock Common Stock Common Stock Dividends Distributable Treasury Stock Balances Jan 1 $ $ Issued 23,300 share for stock dividend Issued 33.000 shares for cash Purchased 22.500 shares of Purchased 22,500 shares of treasury stock Declared cash dividend Sold 7,800 shares of treasury stock Net income for year Balances Dec 31 $ eTextbook and Media Suvor Later Attempts: 0 of 3 used