Shareholders' Equity:

Common Stock, $1 par value, 1,000,000 authorized, 150,000 shares issued$?

Additional Paid-in Capital 220,000

Retained Earnings 100,000

Treasury Stock (10,000 shares at $3 each)?

Shareholders' Equity$___?___

2.

In Year 1, Stock to the Hand, Inc., issued 10,000 shares of the 600,000 shares of $0.20 par value common stock it is allowed to sell. The total received from issuing its common stock is $100,000. Stock to the Hand bought back 1,000 shares of its stock at a cost of $11 each. Stock to the Hand declared and paid a $0.60 per share dividend to its common shareholders.

What is the number of shares outstanding

3.

On February 28, Year 1, Mighty Ducks, Inc., issued $300,000, 20-year, 8% bonds at 100.000. The bonds pay interest semi-annually on February 28 and August 31. At the end of the year, December 31, Year 1, the adjusting entry includes a debit to Interest Expense of $______. (round to the nearest $ amount)