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Retained eamings had a balance of $109,000. During 2018, the company completed the following selected transactions: Feb 15: Purchased 5,000 shares of treasury stock at
Retained eamings had a balance of $109,000. During 2018, the company completed the following selected transactions: Feb 15: Purchased 5,000 shares of treasury stock at $5 per share. More info Mar 8: Sold 4,000 shares of treasury stock for $8 per share. Feb 15 Purchased 5,000 shares of treasury stock at 55 per share. Mar 8 Sold 4,000 shares of treasury stock for $8 per share. Sep 28 Declared and distributed a 10\% stock dividend on the 99,000 shares of outstanding common stock. The market value of Sanchez's common stock was $10 per share. Sep 28: Declared and distributed a 10% stock dividend on the 99,000 shares of outstanding common sto section of the balance sheet.)
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