Reference no: EM133308203
The Stockholders' Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2021, showed Cumulative Preferred 8% Stock, $46 par (1280 shares authorized, 578 shares issued); Common Stock, $22 par (25853 shares authorized, 12774 shares issued); and Retained Earnings of $1098. The Notes to the Financial Statements in the Annual Corporate Report for 2021 indicate that the market values of the stock are $41 per share (Cumulative Preferred) and $17 per share (Common).
On January 3, 2022, the corporation purchased 2179 shares of its common stock at par. On May 1, 2022, the corporation resold 1562 shares of treasury stock, at $9 above par. On December 31, 2022, the corporation showed an after tax Net Income of $53362. The Board of Directors had decided to forego paying dividends in 2021. On December 31, 2022, dividends were declared and paid. Common shareholders received $2.17 per share.
What is the Total Stockholders' Equity on the Balance Sheet on December 31, 2022?