Reference no: EM13518277
Over its three year history, the Bunker Company has issued common stock on three separate occasions. The company issued 250,000 shares of stock on March 10, 2001 at an issue price of $6.50 per share. Another 400,000 shares were issued on July 18, 2002 at $8.75 per share. Finally, an additional 350,000 shares were issued on October 24, 2003 at $12.25 per share. All common stock is recorded on the company's balance sheet at a par value of $2.00 per share. Bunker's fiscal year runs from January 1 through December 31 and Bunker reported net income of $2,420,000 on its 2001 income statement, $3,680,000 on its 2002 income statement and $4,840,000 on its 2003 income statement. Bunker paid dividends of $420,000 in 2001, $680,000 in 2002 and $840,000 in 2003. Using this information, fill in the table below:
The Bunker Company
Equity Section of Balance Sheet
For the Years Ending December 31, 2001, 2002 and 2003
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2002
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2003
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2004
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Common stock ($2.00 par value)
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Additional paid-in capital
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Retained earnings
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Total shareholders equity
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