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  3. 2 3 the shareholders' equity section of gollum com

2 3 The shareholders' equity section of Gollum Company's balance sheet at December 31, 2021...

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2 3 The shareholders' equity section of Gollum Company's balance sheet at December 31, 2021 was as follows: 5 6 is in millions) 180 Common stock (51 par, authorized 200 million shares, issued and outstanding 180 million shares) Paid-in capital- excess of par Retained earnings 1,080 12 560 Total shareholders' equity $ 1,820 15 On January 5, 2022, Gollum purchased and retired 3 million shares for $9/share. Immediately after retirement of the shares, the balances in the paid-in capital- excess par and retained earnings accounts are 8 Paid-in capital, excess par: $1,053 Retained earnings: $560 Paid-in capital, excess par: $1,060 Retained earnings: $560 Paid-in capital, excess par: $1,062 Retained earnings: $554

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