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Use the following to answer questions 6-12 &T, Inc, has two classes of stock author zed: $100.00 par preferred and $0.01 par value common. As
Use the following to answer questions 6-12 &T, Inc, has two classes of stock author zed: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XD, 10,000 shares of preferred stock and 750,000 shares of common stock have been issued. rd the folowing transactions complete the Statement of Stockholders' Equity: Affect on Stackholders' Equity ssue 1,000 additional shares of preferred stock for $103.50 per share ssue 100,000 addtional shares of common stock for $20.00 per share 1-Apr a cash dvidend on both com and preferred stock of $0.50 per share to all stockholders of record on June 15 Repurchase 15,000 shares of treasury stock for $21 per share Reissue 10,000 shares of treasury stock purchased on August 1 for $25.00 per share 1-Oct 1-DecNet income for the year was $458,200 The beginning balaces are shown below. Addit onal Pald-in Capital PreferredCommon Retained Treasury Stockholders Stock S0 Stock Earni Beginning b nce 2CKO B24,500 Chapter 10 Page 10-1 6. $ When the shares were issued on March 1, how much did additional paid in capital increase? On August 1" when the shares were repurchased, how much did stockholders' equity decrease? On August 1" when the shares were repurchased, how much did net income decrease? 9. On October 1t when the 10,000 shares were reissued, how much did additional paid in capital change [if decrease put in front of the numberj? 10. On June 1" when the dhvidend was declared, how much did retained earning decrease? te ending retained earnings on December 31 12. $Compute ending stockholders equ ty on December 31
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