ACC 304 Experience Tradition / tutorialrank.com ACC 304 Experience Tradition / tutorialrank.com | Page 35

Retained earnings appropriated for contingencies $ 280,000
Common treasury stock:
Number of shares 9,000
Total cost $ 240,000
Net income $ 610,000
Compute( assume no changes in balances during the past year):( Round per share and ratios to 2 decimal places, e. g. $ 15.75 or 15.75 %.)
( a)
Total amount of stockholders ' equity in the
balance sheet
$
( b) Earnings per share of common stock $