The stockholdersu2019 equity accounts of ashley corporation

The stockholders%u2019 equity accounts of Ashley Corporation on January 1, 2012, were as follows.

Preferred Stock (8%, $49 par, cumulative, 10,300 shares authorized)		$ 377,300
Common Stock		1,345,400
Paid-in Capital in Excess of Par%u2014Preferred Stock		102,600
Paid-in Capital in Excess of Stated Value%u2014Common Stock		1,435,300
Retained Earnings		1,780,500
Treasury Stock		43,200

During 2012, the corporation had the following transactions and events pertaining to its stockholders%u2019 equity.

Feb. 1		Issued 24,600 shares of common stock for $121,900.
Apr. 14		Sold 5,700 shares of treasury stock%u2014common for $32,700.
Sept. 3		Issued 4,700 shares of common stock for a patent valued at $34,400.
Nov. 10		Purchased 1,100 shares of common stock for the treasury at a cost of $5,900.
Dec. 31		Determined that net income for the year was $401,300.

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The stockholdersu2019 equity accounts of ashley corporation : the stockholdersu2019 equity accounts of ashley corporation on january 1 2012 were as follows.preferred stock 8 49 par

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