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Oriole Company's stockholders' equity at January 1, 2021 is as follows: Common stock, $10 par value; authorized 300,000 shares; Outstanding 232000 shares $2320000 Paid-in capital
Oriole Company's stockholders' equity at January 1, 2021 is as follows:
Common stock, $10 par value; authorized 300,000 shares; |
| ||
Outstanding 232000 shares | $2320000 | ||
Paid-in capital in excess of par | 760000 | ||
Retained earnings | 2181000 | ||
Total | $5261000 |
During 2021, Oriole had the following stock transactions: Acquired 6000 shares of its stock for $270000. Sold 3700 treasury shares at $50 a share. Sold the remaining treasury shares at $41 per share. No other stock transactions occurred during 2021. Assuming Oriole uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2021 is
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