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What should I put for Treasury Stock? Company A designs and produces a line of golf equipment and golf apparel Company Ahas 100,000 shares of

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Company A designs and produces a line of golf equipment and golf apparel Company Ahas 100,000 shares of common stock outstanding as of the beginning of Year 1 Company A has the following transactions affecting stockholders' equity in Year 1 March 1 Issues 56,000 additional shares of $1 par value common stock for $53 per share. May 10 Purchases 5,180 shares of treasury stock for $56 per share. June 1 Declares a cash dividend of $1.55 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,550 shares of treasury stock purchased on May 10 for $61 per share. Company A has the following beginning balances in its stockholders' equity accounts on January 1 Year 1 Common Stock, $100,000 Additional Paid-in Capital, $4,600,000, and Retained Earnings, $2,100,000 Net income for the year ended December 31, Year 1, is $610,000. Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Company A Statement of Stockholders' Equity For the Year Ended December 31. Year 1 Additional Common Stock Pain Capital Retained Earnings Treasury Stock Total Stockholders Equity | ws E nnal on non non | Required: Prepare the statement of stockholders' equity for Company A for the year ended December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Senior For the Year Ended December 31 Year Additional Retained Trendy Stock Stacions $ $ $ 2,100,000 0 $ 100,000 56,000 4,600,000 2,912,000 | Balance, January 1 Issue common stock Purchase treasury stock Declare dividends Resell treasury stock Net income Balance, December 31 (233,895) 6,800,000 2.968,000 (285,600) (233,895) 155,550 610,000 10,156,855 12,750 610,000 2,476,105 S 156,000 7,524,750 0 $

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