At December 31, 2020 Paid-in Capital Common Stock, $9 par value, 3,000,000 shares authorized, $10,530,000 shares issued, and shares outstanding Additional Paid-in Capital in Excess of Par $4,680,000 Total Paid-in Capital $15,210,000 Retained Earnings $11,380,000 Total Shareholders' Equity $26,590,000 Instructions: Complete the following statements and show your calculations! c) During 2021 if Denia Corporation has issued common stock equal to 30% of the outstanding common stock at a price of 120% of the par value, the number of shares issued and outstanding would be_ and the total paid-in capital would be $ d) During 2021 if there is a net income of $2,550,000 then the total stockholders' equity balance after adding the calculation in point (C) will be

Bacon Inc. has the following stockholders’ equity section in its May 31, 2019, comparative balance sheets:    May 31, 2019 April 30, 2019 Paid-in capital:             Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding $ 16,800,000   $ 16,800,000   Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively   ?     2,700,000   Additional paid-in capital   26,100,000     23,220,000   Retained earnings   36,200,000     34,640,000   Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively   (4,412,000 )   (4,148,000 ) Total stockholders' equity $ ?   $ 73,212,000       g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $70 per share.1. What will be the par value, and how many shares of common stock will be…

Bacon Inc. has the following stockholders’ equity section in its May 31, 2019, comparative balance sheets:    May 31, 2019 April 30, 2019 Paid-in capital:             Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding $ 16,800,000   $ 16,800,000   Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively   ?     2,700,000   Additional paid-in capital   26,100,000     23,220,000   Retained earnings   36,200,000     34,640,000   Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively   (4,412,000 )   (4,148,000 ) Total stockholders' equity $ ?   $ 73,212,000       c. What was the average cost per share of the common stock purchased for the treasury during the month?

The following is the Stockholders' Equity section of the balance for Spencer Corporation as of December 31, 2019. Stockholders' Equity Common stock, $1 par value; authorized, 10,000,000 shares. Issued and outstanding, 500,000 shares Additional paid-in capital, common stock Retained earnings Total Stockholders' Equity $500,000 3,500,000 6,750,000 $10.750.000 Spencer Corporation declared a 10% stock dividend on January 1, 2020, at which date the fair value of Spencer Corporation common stock was trading at $35 per share. Prepare the January 1, 2020, journal entry to record the declaration of the stock dividend. Date Account Debit Credit