Question: Please show work for how to do so. Required information Problem 8-26 (Algo) Treasury stock transactions LO 6 [The following information applies to the questions

Please show work for how to do so.

Please show work for how to do so. Required information Problem 8-26

Required information Problem 8-26 (Algo) Treasury stock transactions LO 6 [The following information applies to the questions displayed below.] On January 1, 2019, Metco Inc. reported 259,000 shares of $10 par value common stock as being issued and outstanding. On March 24, 2019, Metco Inc. purchased for its treasury 2,100 shares of its common stock at a price of $37.00 per share. On August 19, 2019,700 of these treasury shares were sold for $47.50 per share. Metco's directors declared cash dividends of $0.50 per share during the second quarter and again during the fourth quarter, payable on June 30,2019 , and December 31,2019 , respectively. A 3% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year. Problem 8-26 (Algo) Part e e. Calculate the number of shares of stock issued in the stock dividend

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