XYZ, Inc. had the following Stockholder's Equity Balances as of 1/1/21:

Preferred Stock500 shares @ $100 par value $500,000

Common Stock10,000 shares @ $10 par value $100,000

Additional Paid-in Capital $250,000

Retained Earnings $700,000

During the year the following events occurred:

5000 share of common stock was issued on 3/1/21 at $12 per share.

1000 shares of its on stock was purchased on 6/1/21 at $15 per share

Net Income for the year was $45,000

XYZ, Inc. declared a 2 for 1 stock split on 11/1/21

Dividends declared 12/15/21 at $1.50 per share to be paid 1/15/22

Calculate the following items as of 12/31/21

1. Total Contributed Capital
2. Retained Earnings Balance
3. Total stockholder's Equity

Answer rating: 100% (QA)

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