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Use the following to answer questions 612 The company has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of

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Use the following to answer questions 612 The company has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20C,1,000 shares of preferred stock and 700,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: 6. $ When the shares were issued on March 1 , how much did additional paid in capital increase? 7. $ On June 1"I when the dividend was declared, how much did retained earning decrease? 8. $ On August 1st when the shares were repurchased, how much did stockholders' equity decrease? 9. $ On August 1rt when the shares were repurchased, how much did net income decrease? 10. $ On October 1nt when the shares were reissued, how much did additional paid in capital change (if decrease put " in front of the number)? 11. 5 Compute ending retained earnings on December 314, 12. $ Compute ending stockholders equity on December 31

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