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UIUL Dui vesi completes the statement or answers the question. Ladder Distributors The stockholders' equity section of the December 31, 2019, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Additional Paid-in Capital --Common Stock Retained Earnings 240,000 700.000 Total Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2019, was issued for $42 per share. On March 1, 2020, the company reacquired 4.000 shares of its common stock for $50 per share. 1. Refer to Ladder Distributors. How much should be reported on the company's March 31, 2020, balance sheet for treasury stock? a. $ 32.000 b. $128,000 c. $168,000 d. $200,000 2. Refer to Ladder Distributors. Suppose the company reissued 1,000 shares of its treasury stock on June 1, 2020, for $39 each. Which of the following is true regarding the entry required to record this transaction? a. A debit to treasury stock is required for $50,000. b. A credit to treasury stock is required for $39,000 c. A debit to retained earnings is required for $11,000. d. A debit to paid-in capital from treasury stock transactions is required for $3,000. 3. All of the following are reasons that a corporation may purchase treasury stock except a. it needs the stock for its employee stock bonus program. b. it desires to make an investment in its own stock c. to buy out the ownership of stockholders. d. to increase the reported amount of earnings per share. 4. On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all common stockholders of record on June 15. The company has 10.000 shares of common stock authorized, 1,000 shares issued, and 200 shares in the treasury. The entry to record the dividend declaration increases a. a liability account by $2,400. b. an asset account by $3,000. c. an expense account by $2,400. d. a stockholders' equity account by $3,000

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