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On January 1,2020, Ivanhoe Inc, had the following stockholders' equity balances. During 2020, the following transactions and events occurred. 1. Issued 115,000 shares of $2

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On January 1,2020, Ivanhoe Inc, had the following stockholders' equity balances. During 2020, the following transactions and events occurred. 1. Issued 115,000 shares of $2 par value common stock as a result of 15\% stock dividend declared on December 15,2021. 2. Issued 57,500 shares of common stock for cash at $4 per share. 3. Purchased 32,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $117.000. 5. Sold 5,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $375,000 Purchased 32000 shares of treasury stock Declared cash dividend Sold. 5.000 shares of treasury stock Net income for year Balances, S Dec. 31

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