The stockholders’ equity section on the balance sheet of Dillard’s, a popular department store, is shown below. The company earned net income of $122,726,000 and declared and paid dividends of $12,987,000 in 2006. Required: Complete the following statements and show your computations. 1. Common stock, class A at par value for 2006 was _________. 2. The number of shares of common stock outstanding was _________ in 2005 and in 2006 _________. 3. Retained earnings for 2005 was _________. 4. Have the treasury stock transactions in 2006 (a) increased corporate resources or (b) decreased resources ? _________ By how much? _________. 5. For 2006, the treasury stock transactions increased (decreased) stockholders’ equity by _________. 6. For 2006, how much did the treasury stock held cost per share? $ _________. 7. For 2006, total stockholders’ equity is $_________.
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