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The stockholders' equity section of JAK Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) During
The stockholders' equity section of JAK Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) During 2017, the company had the following: Purchased 60.000 shares of its common stock for dollar840,000. Sold 14.000 shares of the treasury stock for dollar38 per share. Sold 31.000 shares of the treasury stock for dollar28 per share. Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of dollar20,000,000 and paid a dividend of dollar1.85 per share at year end
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