The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000.

Required:
Answer the following questions. Show your computations.
1. What amount was reported in the Common Stock (Class A) account at the end of the current year?
2. How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year?
3. What amount was reported in the Retained Earnings account at the end of last year?
4. At the end of the current year, have the treasury stock transactions increased assets or decreased assets? By how much?
5. During the current year, by what amount did treasury stock transactions increase or decrease stockholders' equity?
6. At the end of the current year, what was the average price paid per share for shares held in treasury stock?

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Stockholders Equity Common stock, Class A-118,529.925 and 117,706,523 Current Year 118,530 40,000 828,796,000 Last Year 117,707 40,000 805,422,000 (1,846.312,000) (1355.526,000) shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,010,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A-73,099,319 and 3,107,344,000 61,740.439 shares