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What is total stockholders equity after this transaction

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Reference no: EM133040352

Problem - On March 31, 2024, Water Front, Inc. shows the following data on its balance sheet:

Stockholders' Equity Common Stock, $1 Par, 1,120,000 shares authorized 250,000 shares issued, 220,000 shares outstanding $250,000

Paid - In Capital in Excess of Par-Common 2,570,000

Retained Earnings 4,710,000

Treasury stock, 30,000 shares at $27 (810,000)

Total Stockholders' Equity $6,720,000

Required - Assume that Water Front sells 1,300 shares of treasury stock at $43 per share. What is total stockholders' equity after this transaction?

Reference no: EM133040352

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