1. Situation:Monsanto Corporation was incorporated in 2014. During 2014, the company issued 100,000 shares of $1 par value common stock for $27 per share. During 2015, the company had the following transactions. Note: Nothing is required by the student for this section.

Date	Transaction
1/2/15	Issued 10,000 shares of $100 par value cumulative preferred stock at par. The preferred stock was convertible into 5 shares of common stock and had a dividend rate of 6%.
3/1/15	Issued 3,000 shares of common stock for legal services performed. The stock was actively traded on a major exchange and had a fair value on 3/1/15 at $42 per share.
7/1/15	Issued 40,000 shares of common stock for $42 per share.
10/1/15	Repurchased 16,000 shares of treasury stock for $34 per share using the cost method to account for the acquisition.
12/1/15	Sold 6,000 shares of treasury stock for $29 per share.
12/30/15	Declared and paid a dividend of $0.20 per common share and a 6% dividend on the preferred shares.

During 2014, Monsanto Corporation had net income of $228,000 and paid dividends of $28,000. During 2015, Monsanto had net income of $400,000.

1. Analysis of Transactions:Indicate the impact that the transactions shown above had on its stockholders equity accounts. Place the appropriate amounts in the table cells below. Note that all account headings are not affected by an event. If this is the case, place NE in cell.

Date	Transaction	PS	PIC-PS	CS	PIC-CS	RE	TS	PIC-TS
1/2/15	PS issuance at par
3/1/15	CS issued for services
7/1/15	CS issued for cash
10/1/15	TS acquired at $34 (cost approach)
12/1/15	Sale of TS for $29
12/30/15	Dividend payments

1. Balance Sheet Disclosures:Prepare the stockholders equity section of the balance sheet at EOY 2015by completing the following schedule (EOY amounts).

Stockholders Equity Accounts	Amount
Preferred Stock
PIC-PS
Common Stock
PIC-CS
Retained Earnings
Treasury Stock
PIC-TS
Total Stockholders EquityEOY 2015

1. Calculation of Basic Earnings Per Share: Calculate basic earnings per share. Show the components of your solution in the table below.

Numerator (in $$)
Denominator (in shares)
Basic Earnings Per Share

1. Calculation of Diluted Earnings Per Share:Calculate diluted earnings per share. Show the components of your solution in the table below.

Numerator (in $$)
Denominator (in shares)
Diluted Earnings Per Share