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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, 10,000 shares of preferred stock and 600,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: Affect on Stockholders' Equity Issue 100 additional shares of preferred stock for $103.50 per share Issue 100,000 additional shares of common 1-Mar stock for $103.50 per 1-Apr stock for $15.00 per share 1-Jun and preferred stock of $0.15 per share to 30-Jun Pay the cash dividend declared on June 1. Declare a cash dividend on both common all stockholders of record on June 15. Repurchase 15,000 shares of common 1-Aug treasury stock for $17 per share Reissue 10,000 shares of treasury stock purchased on August 1 for $20.00 per share 31-Dec Net income for the year was $298,600. The beginning balances are shown below. Additional Total PreferredCommon Paid-in Retained Treasury Stockholders Capita 5,754,000 Stock Stock Earn Stock Equity balance 20XD 1,000,000 $6,000 421,500 $0 7,181,500 Ending balance 20XD

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