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Stockholders' Equity.

Given the following information for Company G at 1/1/16:

Retained earnings at 1/1/16 were $800,000.

Common stock at 1/1/16 was $ 300,000.

Additional Paid-in Capital at 1/1/16 was $900,000.

The description of the common stock at 1/1/16 was: $10 par value, 100,000 shares authorized, 30,000 shares issued and outstanding.

During 2016 (its second year), Company G had the following activity:

1. The income statement reflected net income of $200,000 for the year ended 12/31/16.

2. Cash dividends of $1 per share were declared and paid to the common shareholders in February of 2016.

3. On June 1, 2016, Company G declared a 100% stock dividend.

4. On July, 1, 2016, Company G distributed the 100% stock dividend.

5. On September 1 of 2016, Company G repurchased 2,000 shares of its own stock at $25 per share. Company G uses the cost method to account for treasury stock transactions.

6. On December 1 of 2016, Company G reissued 600 shares of the treasury stock at $22 per share.

B. Complete the Statement of Stockholders Equity for Items 1 6 above.

B. (2 points) Statement of Stockholders' Equity CS APIC-CS RE TS APIC.TS CS Dividend Distributable 2016 Begin. 1. Net Inc. 2. Cash Dix 3. Stock Div. 4. Stock Div. 5. TS 6. TS 2016 Ending B. (2 points) Statement of Stockholders' Equity CS APIC-CS RE TS APIC.TS CS Dividend Distributable 2016 Begin. 1. Net Inc. 2. Cash Dix 3. Stock Div. 4. Stock Div. 5. TS 6. TS 2016 Ending

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