Stockholders' Equity: Transactions and Statement The stockholders' equity section of Light Corporation's balance sheet at January 1 follows: Common stock, $10 par value, 200,000 shares authorized, 35,000 shares $350,000 issued, 4,000 shares are in the treasury Additional paid-in capital In excess of par value From treasury stock Retained earnings Less: Treasury stock (4,000 shares) at cost Total Stockholders' Equity $315,000 18,000 333,000 298,000 981,000 84,000 $897,000 The following transactions affecting stockholders' equity occurred during the year: Jan. 8 Issued 30,000 shares of previously unissued common stock for $23 cash per share. Mar. 12 Sold all of the treasury shares for $29 cash per share. June 30 Declared a six percent stock dividend on all outstanding shares of common stock. The market value of the stock was $35 per share. July 10 Issued the stock dividend declared on June 30. Oct. 7 Acquired 2,000 shares of common stock as treasury stock at $28 cash per share. Dec. 18 Declared a cash dividend of $1.20 per outstanding common share, payable on January 9 to stockholders of record on December 31.