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PLEASE HELP! Assume that on December 31, 2016, Sullivan Corporation reported the stockholders' equity information shown here (with dollar amounts in millions, except per-share amounts).
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Assume that on December 31, 2016, Sullivan Corporation reported the stockholders' equity information shown here (with dollar amounts in millions, except per-share amounts). Requirement Complete the stockholders' equity section of the company's balance sheet on December 31, 2017. (Enter amounts in millions, except per-share amounts, as provided in the problem.) EEB(Click the icon t view the data.) The company had the following items during 2017 i (Click the icon iData Table view the transactions.) Balance Sheet (Partial) Common stock, S4.00 par value per share, Stockholders' Equity: 30 million shares issued 120 par shares Paid-in capital in excess par value 15 Retained earnings 285 (401 Treasury stock, at cost 380 Total stockholders' equity Total stockholders' equity More Info a. Net income, S440 million b. Issuance of 10 million shares of common stock for $14.00 per share c. Purchase of 7 million shares of treasury stock for $77 million d. Sold 3 million of the treasury shares purchased in part c for S39 million e. Declaration and payment of cash dividends of $31 million Choose from any list or enter any number in the input fields and then click Check Answer. Done PrintStep by Step Solution
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