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On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,070,000 shares authorized
On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,070,000 shares authorized 220,000 shares issued, 150,000 shares outstanding $220,000 Paid-In Capital in Excess of Par-Common Retained Earnings Treasury stock, 18,000 shares at $34 Total Stockholder's Equit 2,560,000 4,710,000 (612.000) $6,878,000 Assume that Lemon sells 1600 shares of treasury stock at $44 per share. What is total stockholders' equity after this transaction? $6.894.000 O $6,948,400 O $6,807,600 O $6,862,000
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