Common stock $1.50 par, 1800 million shares issued…………………$2700 Capital in excess of p

Common stock $1.50 par, 1800 million shares issued…………………$2700 Capital in excess of par……….$8100 Retained Earnings……………..$1200 Treasury stock………………..$0 Total S. Equity……………..$12,000 If million shares of common stock are issued for $12.50 per share, 1 million shares of treasury stock are purchased for $14 million and $30 million cash dividends are declared and paid, update the above stockholders equity section.

 

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