Presented below is the stockholders’ equity section of Oakle…

Presented below is the stockholders’ equity section of Oakley Construction Corporation at December 31, 2028: Common stock, par value $20; authorized 75,000 shares;      issued and outstanding 45,000 shares                                                              $  900,000Paid-in capital in excess of par value                                                                        350,000Retained earnings                                                                                                       500,000                                                                                                                              $1,750,000 In 2029, the following transactions occurred relating to stockholders’ equity:      3,000 shares were reacquired at $28 per share.      3,000 shares were reacquired at $35 per share.      1,800 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2029, Oakley Construction reported a net income of $450,000. Assuming Oakley Construction accounts for treasury stock under the cost method, what should it report as total stockholders’ equity on its December 31, 2029, balance sheet?

Whaley Strings, Inc. has outstanding 600,000 shares of $2 pa…

Whaley Strings, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid every year except the past two years and the current year. Assuming that $225,000 will be distributed as a dividend in the current year, how much will the common stockholders receive?

On January 1, 2029, Winterberry Corporation had 110,000 shar…

On January 1, 2029, Winterberry Corporation had 110,000 shares of its $5 par value common stock outstanding. On June 1, the corporation acquired 10,000 shares of stock to be held in the treasury. On December 1, when the stock’s market price was $15, the corporation declared a 15% stock dividend to be issued to stockholders of record on December 16, 2029. What was the impact of the 15% stock dividend on the balance of the retained earnings account?