Use the statement of stockholders€™ equity to answer the following questions about Osborn Electronics Corporation:

1. How much cash did the issuance of common stock bring in during 2012?
2. What was the effect of the stock dividends on Osborn€™s retained earnings? On total paid-in capital? On total stockholders€™ equity? On total assets?
3. What was the cost of the treasury stock that Osborn purchased during 2012? What was the cost of the treasury stock that Osborn sold during the year? For how much did Osborn sell the treasury stock during 2012?
4. How much was Osborn€™s net income?
5. Osborne re-valued available-for-sale investments during the year, resulting in an unrealized gain of $9,000. They also consolidated a foreign subsidiary, resulting in a currency translation gain of $10,000. How much was comprehensive income? How much should be added to Osborne€™s Accumulated Other ComprehensiveIncome?

Transcribed Image Text:

Osborn Electronics Corporation Statement of Stockholders' Equity For the Year Ended December 31, 2012 Accumulated Other Common Additional Total Stock S10 ParCapalEarnings Stock Paid-inRetained Treasury Comprehensive Stockholders Balance, December 31, 2011 Issuance of stock Net income Cash dividends Stock dividends -10% Purchase of treasury stock Sale of treasury stock $100,000 80,000 $185,000 (21,000) 5,000 349,000 1,380,000 70,000 (20,000) 200,0001180,000 70,000 (20,000) 30,00042,000 (72,000) 4 6 7 8 Other comprehensive income (8,000) 3,000 (8,000) 13,000 19,000 10,000 19,000 Balance, December 31, 2012 $330,000 $1,312,000$163,000 $(26,000) $24,000 $1,803,000