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Required information, (The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a.

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Required information, (The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $350.000 of common stock nowe held in treasury, b. Declared cash dividends in the amount of $260.000 c Paid the dividends in o) 2.issued 100.000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account 3. Prepare a statement of stockholders equity assuming the following opening balances 3. Prepare a statement of stockholders' equity, assuming the following opening balances. Treasury Stock 0 es Additional Paid Retained Common Stock In Capital Earnings Beginning 12 500S 190,000 $ 150 000 Stock Issuances Net Income 270,000 Dividends. Common Ending

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