Homework Answers
Answer
$ 41,720
Explanation
| Particulars | Amount |
| Opening Balance (Deficit) | $ (2,900) |
| Common stock | $ 2,600 |
| Paid in capital - Treasury Stock | $ 2,500 |
| Treasury stock at cost | $ (390) |
| Paid in capital - Excess | $ 31,100 |
| Income | $ 9,100 |
| sales of treasury stock | $ 480 |
| Dividends declared | $ (770) |
| Total | $ 41,720 |
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