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Use the following statement of stockholders' equity to answer the following questions about Daughtry Corporation: (Click the icon to view the statement of stockholders' equity.)
Use the following statement of stockholders' equity to answer the following questions about Daughtry Corporation: (Click the icon to view the statement of stockholders' equity.) Read the requirements. Requirement 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 Data table Daughtry Corporation Statement of Stockholders' Equity For the Year Ended December 31, 2021 Common Additional Total Stock $10 Paid-in Retained Treasury Stockholders' Par Capital Earnings Stock Equity $ 100,000 $ 320,000 Balance, December 31, 2020 Issuance of stock Net income Cash dividends Purchase of treasury stock Sale of treasury stock 4,000 $ 150,000 $ (27,000) $ 600,000 95,000 (17,000) 227,000 920,000 95,000 (17,000) (15,000) (15,000) 7,000 6,000 13,000 1. How much cash did the issuance of common stock bring in during 2021? 2. How much in dividends did Daughtry declare during 2021? 3. What was the effect of the dividends on Daughtry's retained earnings? On total paid-in capital? On total stockholders' equity? On total assets? 4. What was the cost of the treasury stock that Daughtry purchased during 2021? 5. What was the cost of the treasury stock that Daughtry sold during the year? For how much did Daughtry sell the treasury stock during 2021? 6. How much was Daughtry's net income? 7. What is Daughtry's total stockholders' equity as of December 31, 2021
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