QUESTION 20 In Year 1, Stock to the Hand, Inc., issued 40,000 shares of the 700,000 shares of $0.40 par value common stock it is allowed to sell. The total received from issuing its common stock is $400,000. Stock to the Hand bought back 4,000 shares of its stock at a cost of $14 each. On December 31, the last day of Year 1, Stock to the Hand declared and paid a $0.70 per share dividend to its common shareholders. Treasury Stock on the balance sheet at December 31, Year 1, equals, Use the negative sign (not parentheses) if your answer is negative.