The statement of stockholders' equity for

Western

Corporation follows.

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Western Corporation

Statement of Stockholders' Equity

For the Year Ended December 31, 2021

Common Stock $2 Par

Additional Paid-in Capital

Retained Earnings

Treasury Stock

Accumulated Other Comprehensive Income

Total Stockholders' Equity

Balance, December 31, 2020

$20,000

$10,000

$130,000

$(28,000)

$8,000

$140,000

Issuance of stock

64,000

590,000

654,000

Net income

140,000

140,000

Cash dividends

(21,000)

(21,000)

Stock dividends10%

8,400

35,600

(44,000)

0

Purchase of treasury stock

(9,000)

(9,000)

Sale of treasury stock

7,000

6,000

13,000

Other comprehensive income

18,500

18,500

Balance, December 31, 2021

$92,400

$642,600

$205,000

$(31,000)

$26,500

$935,500

Use Bailey Corporation's statement to answer these questions:

1.

How much cash did the issuance of common stock bring in during

2021?

2.

What was the effect of the stock dividends on

Western's

retained earnings? On total paid-in capital? On total stockholders' equity? On total assets?

3.

What was the cost of the treasury stock that

Western

purchased during

2021?

What was the cost of the treasury stock that the company sold during the year? For how much did

Western

sell the treasury stock during

2021?

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Part 1

1. How much cash did the issuance of common stock bring in during

2021?

The cash brought in by the sale of common stock in 2021 was