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The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows. Preferred...

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Accounting

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The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 14,000 shares authorized) Common Stock ($4 stated value, 840,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in talin Excess of Stated Value-Common Stock Retair. nings Treasury Stock (14,000 common shares) $840,000 2,800,000 42,000 1,344,000 1.926,400 112,000 During 2022, the corporation had the following transactions and events pertaining to its stockholdets'equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 14,000 shares of common stock for $84,000. Purchased 2,800 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Determined that net income for the year was $784,000. Paid the dividend declared on December 1. Retained Earnings Cash Dividends 4 Treasury Stock

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