What is the year end stockholder equity

Reference no: EM131269831

Question 1 -

2015 Dividend Schedule		As of December 31, 2014
1st Q	10% stock dividend	Retained Earnings	500,000
2nd Q	15% Stock dividend	Common Stock. $5 Par	50,000
3rd Q	none	Paid in Capital excess of par	150,000
4th Q	$1 Cash Dividend	Total Stockholder's Equity	700,000

What is the year end stockholder's equity at the end of 2015?

How many shares are outstanding at the end of 2015?

Question 2 - Check for error.

Sales		$554,400
Cost of goods sold	$360,360
Depreciation expense	46,200
Other operating expenses	138,050	-544,610
Other gains (losses):
Gain on sale of equipment		7,920
Income before taxes		$17,710
Income tax expense		-5,280
Net income		$12,430

Assets	2012	2011
Cash	$71,115	$61,380
Accounts receivable	23,100	31,900
Inventory	63,800	57,310
Equipment	264,000	244,200
Accumulated depreciation	-116,600	-105,600
Total assets	$305,415	$289,190

Liabilities:
Accounts payable	$31,240	$26,070
Income taxes payable	1,155	1,320
Total liabilities	$32,395	$27,390
Equity:
Common stock	$116,600	$116,600
Paid-in Capital in excess of par value	19,800	19,800
Retained earnings	136,620	125,400
Total equity	$273,020	$261,800
Total liabilities and equity	$305,415	$289,190

Reference no: EM131269831

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