Pop AG purchased 750 shares of outstanding preferred stock of its 90 percent affiliates, Ron AG...

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Pop AG purchased 750 shares of outstanding preferred stock of its 90 percent affiliates, Ron AG on January 1, 2014 at $100 per share. The stockholders' equity at the time is as follow: Common stockholders' equity $415,000 Preferred stockholders' equity $114,000 (1,000 shares, 104 call price per share, $10 per share dividend arrearage) Pop AG purchased 750 shares of outstanding preferred stock of its 90 percent affiliates, Ron AG on January 1, 2014 at $100 per share. The stockholders' equity at the time is as follow: Common stockholders' equity $415,000 Preferred stockholders' equity $114,000 (1,000 shares, 104 call price per share, $10 per share dividend arrearage)