CALCULATOR PRINTER VERSION BACK Problem 11-6A On January 1, 2017, Sage Hill Inc. had these stockholders' equity balances. Common Stock, $1 par (2,000,000 shares authorized, 690,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $690,000 1,520,000 695,000 55,000 During 2017, the following transactions and events occurred. 1. Issued 49,500 shares of $1 par value common stock for $4 per share. 2. Issued 56,500 shares of common stock for cash at $6 per share. 3. Purchased 19,900 shares of common stock for the treasury at $3.95 per share. 4. Declared and paid a cash dividend of $196,500. 5. Earned net income of $381,000. 6. Had other comprehensive income of $15,000