Problem 15-2 (Part Level Submission)

Bramble Company had the following stockholders equity as of January 1, 2017.

Common stock, $5 par value, 18,200 shares issued		$91,000
Paid-in capital in excess of parcommon stock		299,000
Retained earnings		320,000
Total stockholders equity		$710,000

During 2017, the following transactions occurred.

Feb. 1		Bramble repurchased 1,990 shares of treasury stock at a price of $17 per share.
Mar. 1		850 shares of treasury stock repurchased above were reissued at $15 per share.
Mar. 18		530 shares of treasury stock repurchased above were reissued at $15 per share.
Apr. 22		580 shares of treasury stock repurchased above were reissued at $19 per share.

(b) Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $126,200. ( BRAMBLE COMPANY Stockholders' Equity