Reporting Stockholders' Equity

Bonner Company began business this year and immediately sold 600,000 common shares for $19,500,000 cash and paid $1,000,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end:

Net income	$5,600,000
Common stock, at par	$4,200,000
Retained earnings beginning of year	$0
Common shares authorized:	1,000,000
Common shares outstanding at years end:	525,000

a. What was the average sales price of a common share when issued? Round to two decimal places. $Answer b. What is the par value of the common? $Answer c. How much is in the Additional paid-in capital account at the end of the year? $Answer d. Determine the retained earnings amount at the end of the year. $Answer e. How many shares of stock are in the treasury at the end of the year? Answer f. Compute BEPS. Round to two decimal places. $Answer