a. Rework Table 14.1, supposing that Dow Chemical now issues 10 million shares at $30 a share. Which of the figures would change?

b. What would happen to Table 14.1 if instead Dow bought back 10 million shares at $30 per share?

Common shares ($2.50 par value per share)...................................$ 3,008

Additional paid-in capital ......................................................... 3,281

Retained earnings..................................................................18,495

Treasury shares at cost.................................................................-

Other................................................................................. (7907)

Net common equity...............................................................16,877

Note:

Authorized shares ................................................................. 1,500

Issued shares, of which.............................................................1,203

Outstanding shares..................................................................1,203

Treasury shares............................................................................0