The stockholders’ equity of Cyclone Corporation at January 1 follows: 6 Percent preferred stock, $10 par value, 40,000 shares authorized;   25,000 shares issued and outstanding $250,000 Common stock, $1 par value, 300,000 shares authorized; 80,000 shares   issued and outstanding 80,000 Paid-in capital in excess of par value—Common stock 560,000 Retained earnings 830,000 Total Stockholders’ Equity $1,720,000   The following transactions, among others, occurred during the year

Danger

Stockholders’ Equity (January 1)       Common stock—$6 par value, 100,000 sharesauthorized, 30,000 shares issued and outstanding $ 180,000   Paid-in capital in excess of par value, common stock   140,000   Retained earnings   360,000   Total stockholders’ equity $ 680,000       Stockholders’ Equity (December 31)         Common stock—$6 par value, 100,000 sharesauthorized, 35,200 shares issued, 4,000 shares in treasury $ 211,200     Paid-in capital in excess of par value, common stock   171,200     Retained earnings ($40,000 restricted by treasury stock)   420,000         802,400     Less cost of treasury stock   (40,000 )   Total stockholders’ equity $ 762,400       The following transactions and events affected its equity during the year.  Jan.   5   Declared a $0.40 per share cash dividend, date of record January 10. Mar.   20   Purchased treasury stock for cash. Apr.   5   Declared a $0.40 per share cash dividend, date of record April 10.…

Stockholders' Equity: Transactions and StatementThe stockholders' equity section of Night Corporation's balance sheet at January 1 follows: Common stock, $6 par value, 300,000 shares authorized, 60,000 shares   360,000 issued, 6,000 shares in treasury     Additional paid-in capital     In excess of par value 600,000   From treasury stock 37,500 637,500 Retained earnings   435,000     1,432,500 Less: Treasury stock (6,000 shares) at cost   172,500 Total Stockholders’ Equity   1,260,000   The following transactions affecting stockholders’ equity occurred during the year: Jan. 8 Issued 15,000 shares of previously unissued common stock for $26 cash per share. Mar. 12 Sold all of the treasury shares for $35 cash per share. June 30 Declared a five percent stock dividend on all outstanding shares of common stock. The market value of the stock was $31 per share. July 10 Issued the stock dividend declared on June 30. Oct. 7 Acquired 2,500 shares of common…