Use the statement of stockholders equity to answer the following questions about Mason
Electronics Corporation:

1. How much cash did the issuance of common stock bring in during 2010?
2. What was the effect of the stock dividends on Masons retained earnings? On total paid in capital? On total stockholders equity? On total assets?
3. What was the cost of the treasury stock that Mason purchased during 2010? What was the cost of the treasury stock that Mason sold during the year? For how much did Mason sell the treasury stock during2010?

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Mason Electronics Corporation Statement of Stockholders' Equity For the Year Ended December 31, 2010 Accumulated Other Comprehensive Income Unrealized Foreign- Common Additional Gain Currency Total Stock $2 Par Capital Earnings Stock Investments Adjustment Equity Paid-in Retained Treasury (Loss) on Translation Stockholders 1 Balance, December 31,2009 $20,000 140,000 $185,000 S(24,000) $21,000 11,000) 331,000 1,140,000 93,000 2 Issuance of stock...40,000 1,100,000 3 Net income 4 Cash divi 5 Stock dividends-10% 6 Purchase of treasury stock. 93,000 (23,000) 78,000 (84,000) (23,000) .6,000 (8,000) (8,000) 5,000 f treasury stock... 7,000 12,000 6,000 3,000 8 Unrealized gain on investments 6,000 translation adjustment.... 3,000 10 Balance, December 31, 2010 66.000 $1,325.000 $171,000 S(27,000 $27.000 S (8,000) S1,554,000