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Use the following to answer questions 6-12 TR, Inc., 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 6-12 TR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XD, 5,000 shares of preferred stock and 1,000,000 shares of common stock have been issued. Analyze the following transactions as it relates to the Stockholders' Equity accounts (PS, CS, APIC, RE, TS) and then complete the Statement of Stockholders' Equity before answering the questions on the next page. Affect on Stockholders' Equity Accounts Issue 1,000 additional shares of preferred 1-Mar stock for $115 per share Issue 50,000 additional shares of common 1-Apr stock for $20.00 per share Declare a cash dividend on both common 1-Jun and preferred stock of $0.30 per share to all stockholders of record on June 15. 30-Jun Pay the cash dividend declared on June 1. Repurchase 5,000 shares of common 1-Aug treasury stock for $16 per share Sell 3,000 shares of treasury stock purchased on August 1 for $19 per share Net Income for the year was $325,000. The beginning balances are shown below. Additional Total Preferred Capital Retained Treasury Stockholders Stock (PS) Stock (CS) (APIC) Earnings (RE) Stock (TS) Equity Beginning balance 20XD $500,000 $10,000 $12,580,000 $642,500 $0 $13,732,500 Issuance of stock Net Income for the year Dividends Purchase of Treasury Sale of Treasury Ending balance 20XD '1-Oct 31-Dec Paid in Common 6. $ When the shares were issued on March 1, how much did additional paid in capital increase? 7. $ On August 1st when the shares were repurchased, how much did stockholders' equity decrease? 8. $ On August 14 when the shares were repurchased, how much did net income decrease? 9. $ On October 15 when the 3,000 shares were resold, how much did additional paid in capital change (if decrease put in front of the number)? 10. $ On June 1" when the dividend was declared, how much did retained earning decrease? 11. S Compute ending retained earnings on December 314 12. S Compute ending stockholders' equity on December 31

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