Stockholders Equity: Transactions and Statement The stockholders equity section of Day Corporations 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 $315,000 From treasury stock 18,000 333,000 Retained earnings 298,000 981,000 Less: Treasury stock (4,000 shares) at cost 84,000 Total Stockholders Equity $897,000 The following transactions affecting stockholders equity occurred during the year: Jan. 8 Issued 15,000 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 1,500 shares of common stock as treasury stock at $28 cash per share. Dec. 18 Declared a c