Question

Requirement - Complete the Statement of Stockholders' Equity for 2017 using the below transactions.

	Common stock $1 Par	Add. Paid in Cap	Retained Earnings	Treasury Stock	Total Share- Holders Equity
Bal. 1/1/2015	354,000	10,415,000	2,761,044	-	13,530,044
Common Shares	370,000	12,210,000
Shares Repurchase (83,500 shares)				(1,670,000)
Cash Dividends			(50,000)
Net Income			2,696,789
Bal. 12/31/2015	724,000	22,625,000	5,407,833	(1,670,000)	27,086,833
Cash Dividend Comm Stock			(75,000)
Stock div 5 for 4	181,000		(181,000)
Net Income			3,805,617
Bal. 12/31/216	905,000	22,625,000	8,957,450	(1,670,000)	31,817,450

Hawkins has two classes of shares: 1) 5% preferred with $10 par value, and 2) common stock with $1 par value.

Mrs. Wheeler was able to to recall the following transactions that occured during 2017:

1/1/17: Issues 400,000 shares of common stock at $31 per share. The underwriter charged a 3% fee for issuing the shares.

1/1/17: Issued 500,000 shares of its preferred sotck at $40 per share. The shares were privately placed and Hawkins did not pay share issue costs.

3/1/17: Purchased 220,000 shares of common stock at $35 per share.

6/30/17: Decalred a $450,000 dividend for the first half of the year.

7/1/17: Sold 105,000 of the treasury shares at $44 per share ( the company uses the FIFO method when determining par value of sold treasury shares)

9/1/17: Declared a distributed property dividend of shares of stock in Byers Corp Hawkins' purchased 3,570,000 shares of Byers Corp in 2016 for 28,560,000. On 9/1/17, shares of Byers Corp were trading at $1/50 per share.

12/31/17: Hawkins' reported a net income of $5,325,691 (which includes the effects of the transactions listed above.

Answer 1

	Common Stock $1 Par	Add Paid in capital	Retained earning	Treasury Stock	Total Share-holder Equity
31/12/2016	905,000.00	22,625,000.00	8,957,450.00	(1,670,000.00)	30,817,450.00
Common Shares	400,000.00	12,000,000.00
Share Repurchase 220000 Shares				(7,700,000.00)
Cash Dividend			(450,000.00)
Sold Treasury Shares (83500 shares)		2,004,000.00		1,670,000.00
Sold Treasury Shares (21500 shares)		193,500.00		752,500.00
Distributed Prpperty dividend
Net Income			5,325,691.00
Balance 31/12/17	1,305,000.00	36,822,500.00	13,833,141.00	(6,947,500.00)	45,013,141.00

9/11/2017 doesnt understand what does it means....