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shares were issued and 14 million shares were outstanding. The stockholders' equity accounts...

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Accounting

shares were issued and 14 million shares were outstanding.
The stockholders' equity accounts at January 1 had the following beginning balances ($ millions).
During the year, Haywood had the following transactions.
On February 15, issued at $110 per share, 100,000 shares of $100 par value, 8% cumulative preferred stock.
On March 1, reacquired 20,000 shares of its common stock for $18.50 per share for the treasury.
On March 31, declared a semi-annual cash dividend on common stock of 10 cents per share, payable on April 30 to stockholders of record on April 10.
On May 31, when the market price of the common stock was $20 per share, declared a 5% stock dividend distributable on July 1 to stockholders of record on June 1.
share.
October 10.
Net income for the year was 25.0 million.
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