to nrovide this information 13) Moretown, Inc. had the following transactions in 2017, its first year of operations: Issued 32,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $28.00 per share. . Earned net income of $80,000. $10,000 of dividends were paid and $20,000 of dividends were declared. At the end of 2017, what is total stockholders' equity? A) $896,000 B) $80,000 C) $976.000 D) $956,000 E) The answer cannot be determined. 14) Treasury stock is A) an asset account B) a liability account C) a contra equity account D) a contra asset account 15) ABC has 53,000 shares of $19.00 par common stock outstanding. ABC announces a stock split of 4-for-1. What is the effect of the split? A) par drops to $4.75 B) par stays at $19.00 C) par drops to $9.50 D) par goes to $76.00