Question $4$

Liger Company had the following information:

Common stock, $$1$ par value, $120,000$ shares authorized

Preferred stock, $3\%,$ par value $$10$ per share, $70,000$ shares authorized

During $2019,$ the following transactions occurred. In the blanks write how much

stockholders' equity increases or decreases by from that transaction$($s$).$

If the transaction increases stockholders' equity put: $+$ in front of your amount. If

the transaction decreases put: $-$ in front of your amount. For example, if

stockholders' equity increase by $100$ put $+100.$ Do not put any dollar signs. If

there is no change, put $+0.$

January: Issued and sold $30,000$ shares of common stock at $$15$ per share.

October: Repurchased $5,000$ shares of common stock at $$10$ per share.

December: Resold $4,000$ shares of the stocks repurchased in October for

$$12$ a share.

At the end of the year, the accounts showed net income of $$50,000.$

At the end of the year, the company declares a dividend of $$1\mathrm{.}20$ per share

for common stockholders.