The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. The company earned net income of $122,726,000 and declared and paid dividends of $12,987,000 in 2006.

Required:
Complete the following statements and show your computations.
1. Common stock, class A at par value for 2006 was _________.
2. The number of shares of common stock outstanding was _________ in 2005 and in 2006 _________.
3. Retained earnings for 2005 was _________.
4. Have the treasury stock transactions in 2006 (a) increased corporate resources or (b) decreased resources ? _________ By how much? _________.
5. For 2006, the treasury stock transactions increased (decreased) stockholders' equity by _________.
6. For 2006, how much did the treasury stock held cost per share? $ _________.
7. For 2006, total stockholders' equity is $_________.

Transcribed Image Text:

Stockholders' equity (in thousands): 2006 2005 Common stock, Class A-115,237.382 and 114,581,524 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,010,929 1,146 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A-39,953,949 and 40 749,068 2,429,065 40 739,620 35,386,849 shares (809,637) (708,769)