Mark’s Appliance store has the following equity accounts as of 12/31/X4 Common Stock, $1 par value (500,000 authorized; 10,000 issued and outstanding) $ 10,000 Paid-in capital in excess of par, common stock $590,000 Retained Earnings $210,000 The following transactions took place during 20X5: 2/1/X5 Mark’s Appliance stock split its stock 4 for 1. The new par value is $0.25 and the post-split market value is $5 a share. 4/1/X5 Mark declared and issued a 5% stock dividend when the stock’s market value was $7 a share. 10/1/X5 Mark declared and issued a 30% stock dividend when the stock’s market value was $10 a share. 12/1/X5 Mark declared and issued a $3,000 cash dividend. 20X5 Net income for the year was $136,000 What is the total reported balance in Stockholders’ Equity as of 12/31/20X5? 

Group of answer choices 

a.) 620,300

b.) 946,150 

c.) 924,250 

d.) 948,300

Answer rating: 100% (QA)

Answer d 948300 Explanation Stockholders Equity Common Stock Paidin Capital in Excess of Par Retaine... View the full answer