On December 31, 2024, Sunland Company had 1,360,000 share 2024, stockholders' equity had the amounts listed here.

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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On December 31, 2024, Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31,
2024, stockholders' equity had the amounts listed here.
Common Stock
Additional Paid-in Capital
Retained Earnings
1.
2.
Transactions during 2025 and other information related to stockholders' equity accounts were as follows.
3.
4.
5.
Feb. 8
May 9
Jun. 8
Jun. 10
Jul, 10
On January 10, issued at $105 per share 111,000 shares of $100 par value, 9% cumulative preferred stock.
On February 8, reacquired 14,100 shares of its common stock for $10 per share.
On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31.
On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding, payable on July 10 to stockholders
of record on July 1.
Net income for 2025 was $3,695,000.
Dec. 31
Cash
$6,800,000
Treasury Stock
Cash Dividends
div
1,870,000
1,150,000
Cash
JISHI HE SALE U Par Free, LUCK
Dividends Payable
Cash
Dividends Payable
Cash Dividends
Stock Dividends
Common Stock Dividends Distributable
Dividends Payable
Income Summary
141000
999000
2422080
999000
2422620
3695000
3335
14100
99900
242206
99900
242262
Transcribed Image Text:On December 31, 2024, Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31, 2024, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings 1. 2. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 3. 4. 5. Feb. 8 May 9 Jun. 8 Jun. 10 Jul, 10 On January 10, issued at $105 per share 111,000 shares of $100 par value, 9% cumulative preferred stock. On February 8, reacquired 14,100 shares of its common stock for $10 per share. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding, payable on July 10 to stockholders of record on July 1. Net income for 2025 was $3,695,000. Dec. 31 Cash $6,800,000 Treasury Stock Cash Dividends div 1,870,000 1,150,000 Cash JISHI HE SALE U Par Free, LUCK Dividends Payable Cash Dividends Payable Cash Dividends Stock Dividends Common Stock Dividends Distributable Dividends Payable Income Summary 141000 999000 2422080 999000 2422620 3695000 3335 14100 99900 242206 99900 242262
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