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3. On January 1, 2025, the stockholders' equity section of Henry Corporation's balance sheet reported the...

3. On January 1, 2025, the stockholders' equity section of Henry Corporation's balance sheet reported the following: Common Stock, par $10, authorized 100,000 shares, issued 10,000 shares $100,000 Capital in excess of par value 50,000 Retained earnings 160,000 During 2025, the following selected transactions occurred (assume they occurred in the order given):

(1) Issued a 10% stock dividend; 1,000 shares issued when the market price was $12.

(2) 200 shares of treasury stock were purchased at $11 per share.

(3) Declared and paid a cash dividend of $19,800.

(4) Net income was $30,000.

Prepare the stockholders' equity section of the balance sheet as of December 31, 2025.

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Answer #1

Stockholder's equity

December 31,2025

Paid in capital
Common Stock 110000
Paid in capital in excess of par-Common Stock 52000
Total paid in capital 162000
Retained earnings 170200
Total 332200
Less: Treasury Stock (200 shares) -2200
Total Stockholder's equity 330000

Common Stock = 100000+1000*10 = 110000

Paid in capital in excess of par-Common Stock = 50000+1000*2 = 52000

Retained earnings = 160000+30000-19800 = 170200

Treasury Stock = 200*11 = 2200

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