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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 $351,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.650. c. Paid the dividends in (b). d. Issued 113.000 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 Common Stock Paid In Capital Stock Additional 13.150 $ 196,500 Retained Earnings $ 151 300 Treasury Stock 5 Beginning C. Paid the dividends in (b). d. Issued 113.000 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 Retained Earnings $ 151,300 Treasury Stock $ Additional Common Stock paidan Capital Beginning $ 13,150 $ 196,500 Stock Issuances Net Income Dividends: Common Ending 283,000

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