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Q3 Complete the statement of stockholders equity based on the following information. a. The company issued 5,000 shares its $1 par value common stock at

Q3 Complete the statement of stockholders equity based on the following information.
a. The company issued 5,000 shares its $1 par value common stock at $15 per share.
b. The reported income for year 2012 is $14,800; total dividend declared is $4,800.
c. The company repurchased 2,000 shares of outstanding common stocks at $12 per share.
Common Stock Paid-In Capital Retained Earnings Treasury stock Total Equity
Balance at 31. December 2011 100,000 130,000 30,000 0 260,000
issuance of common stock
Income for the year
Repurchase of stock
Dividends
Balance at 31. December 2012

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