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Tamarisk Company reported the following amounts in the stockholders' equity section of its December 31,2019, balance sheet Preferred stock, 9% $100 par (10,000 shares
Tamarisk Company reported the following amounts in the stockholders' equity section of its December 31,2019, balance sheet Preferred stock, 9% $100 par (10,000 shares authorized, 1,800 shares issued) Common stock, $5 par (96.000 shares authorized. 19.200 shares issued) Additional paid-in capital Retained earnings Total $180,000 96.000 113,000 449,000 $838,000 During 2020, Tamarisk took part in the following transactions concerning stockholders' equity Paid the annual 2019 59 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2 Purchased 1,800 shares of its own outstanding common stock for $42 per share. Tamarisk uses the cost method 3. Reissued 800 treasury shares for land valued at $34,500. 4. Issued 460 shares of preferred stock at $104 per share 5 Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $49 per share. 6 Issued the stock dividend 2 Declared the annual 2020 59 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2021
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