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Question: cheyenne company reported the following amounts in the stockholders equity...

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Cheyenne Company reported the following amounts in the stockholders equity section of its December 31, 2016, balance sheet. | Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (103,500 shares authorized, 20,700 shares issued) Additional paid-in capital Retained earnings 103,500 114,000 423,000 $820,500 Total During 2017, Cheyenne took part in the following transactions concerning stockholders equity 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016 2. Purchased 1,500 shares of its own outstanding common stock for $43 per share. Cheyenne uses the cost method 3. Reissued 600 treasury shares for land valued at $27,100. 4. Issued 550 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $41 per share. 6. Issued the stock dividend 7. Declared the annual 2017 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018
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