Question text Accounting for Shareholders' Equity Transactions The shareholders' equity section of the balance sheet of The Claremont Company...

The ClaremontCompany Stockholders' Equity December 31, Year 2
Common stock,par value	$Answer
Additionalpaid-in-capital	Answer
Retainedearnings	Answer
Treasurystock	Answer
Totalshareholders' equity	$Answer

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The Claremont Company
Stockholders' Equity
December 31, Year 2
Common stock, par value		$ 480,000
Additional paid-in-capital		$ 71,520,000
Retained earnings	Working-1	$ 29,200,000
Treasury stock		$ -6,760,000
Total shareholders' equity		$ 94,440,000

Working-1
Beginning Retained earning		$ 25,600,000
Add: Net Income		$ 4,800,000
Less: Cash Dividend		$ -1,200,000

Ending Retained earning		$ 29,200,000

Working-2
Treasury Stock, Beginning		$ -6,000,000
Add: New 100,000*$7.6		$ -760,000
		$ -6,760,000

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