Transactions affected stockholders equity

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Reference no: EM13823294

Graynold Company reported the following balances at December 31, 2013: common stock $401,840; paid-in capital in excess of par value $103,820; retained earnings $241,940. During 2014, the following transactions affected stockholder's equity.

Issued preferred stock with a par value of $125,950 for $208,250.

Purchased treasury stock (common) for $35,010.

Earned net income of $136,420.

Declared and paid cash dividends of $59,240.

Instructions: Calculate stockholders' equity ending 2014

Reference no: EM13823294

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