The statement of stockholders’ equity for Bailey Corporation follows.
Use Bailey Corporation’s statement to answer these questions:
1. How much cash did the issuance of common stock bring in during 2018?
2. What was the effect of the stock dividends on Bailey’s retained earnings? On total paid-in capital? On total stockholders’ equity? On total assets?
3. What was the cost of the treasury stock that Bailey purchased during 2018? What was the cost of the treasury stock that the company sold during the year? For how much did Bailey sell the treasury stock during 2018?
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