How much did wendells total stockholders equity increase

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Reference no: EM13569153

Wendell Company provided the following pertaining to its recent year of operation:
• Common stock with a $10,000 par value was sold for $42,000 cash.
• Cash dividends totaling $21,800 were declared, of which $16,800 were paid.
• Net income was $62,000.

• A 5% stock dividend resulted in a common stock distribution, which had a $5,000 par value and a $24,800 market value.
• Treasury stock costing $10,800 was sold for $8,800.
How much did Wendell's total stockholders' equity increase during the recent year of operation?

Reference no: EM13569153

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