Larkspur Service Corporation's December 31, 2025 balance sheet reported the following: 3% preferred stock, $270 par value $540,000 Common stock, $1 par value 640,000 Paid-in capital in excess of par - preferred stock 76,800 Paid-in capital in excess of par - common stock 9,600,000 Retained earnings 12,250,000 Treasury stock 144,000 The average cost of the treasury shares was $10 per share. Answer the following questions: (a) × Your answer is incorrect. How many shares of common stock have been issued as of December 31, 2025? 654,400 shares of common stock have been issued as of December 31, 2025.

Cullumber Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 160,200 shares   $ 3,204,000 Common Stock, 1,983,000 shares   9,915,000 Paid-in Capital in Excess of Par—Preferred Stock   200,000 Paid-in Capital in Excess of Par—Common Stock   26,495,000 Retained Earnings   4,431,000 The following transactions affected stockholders’ equity during 2021. Jan. 1   29,300 shares of preferred stock issued at $24 per share. Feb. 1   48,800 shares of common stock issued at $21 per share. June 1   2-for-1 stock split (par value reduced to $2.50). July 1   28,100 shares of common treasury stock purchased at $11 per share. Cullumber uses the cost method. Sept. 15   10,200 shares of treasury stock reissued at $12 per share. Dec. 31   The preferred dividend is declared, and a common dividend of 55¢ per share is declared. Dec.…

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Concord Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid-in Capital in ExceSs of Par-Common Stock $185,000, and Retained Earnings $120,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 6,000 shares at $9 per share. June 1 Sold 1,500 shares at $13 per share. Sept. 1 Sold 1,000 shares at $11 per share. Sold 1,000 shares at $7 per share. 1っaa Concord Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $35,000. () Journalize the treasury stock transactions, and prepare the closing entry at December 31, 2022, for net income. (Listall debi entries before credit.entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Treasury Stock Cash Cash ए.२unp Treasury Stock Pald-In…