Question $12$ of $12$

$\frac{-}{15},$vdots$-=,$:

On January $1,2025,$ Sandhill Inc. had these stockholders' equity balances.

Common Stock, $$1$ par $(3,000,000$ shares authorized, $615,000$ shares issued and outstanding$)$

$$615,000$

Paid$-$in Capital in Excess of Par

$1,537,500$

Retained Earnings

$695,000$

Accumulated Other Comprehensive Income

$47,000$

During $2025,$ the following transactions and events occurred.

Issued $50,000$ shares of $$1$ par value common stock for $$2$ per share.

Issued $55,000$ shares of common stock for cash at $$6$ per share.

Purchased $23,400$ shares of common stock for the treasury at $$3\mathrm{.}50$ per share.

Declared and paid a cash dividend of $$204,500.$

Earned net income of $$359,000.$

Had other comprehensive income of $$16,800.$