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Tamarisk Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet. Preferred stock, 11%, $100 par (10,000 shares
Tamarisk Company reported the following amounts in the stockholders' equity section of its December 31, 2024, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,100 shares issued) Common stock, $5 par (91,000 shares authorized, 18,200 shares issued) Additional paid-in capital Retained earnings Total 1. 2. 3. 4. During 2025, Tamarisk took part in the following transactions concerning stockholders' equity. Paid the annual 2024 $11 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 5, 6. $210,000 7, 91,000 130,000 448,000 $879,000 Purchased 1,800 shares of its own outstanding common stock for $43 per share. Tamarisk uses the cost method. Reissued 800 treasury shares for land valued at $35,100. Issued 540 shares of preferred stock at $107 per share. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $46 per share. Issued the stock dividend. Declared the annual 2025 $11 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2026. 4 27
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