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supporting calculation OBJ.4 The provided Comprehensive Problem 4 Selected transactions completed by Equinox Products Inc. during the fiscal year...

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supporting calculationOBJ. 3. 3.4TheprovidedComprehensive Problem 4Selected transactions completed by Equinox Products Inc. during the fiscal year endedDecember 31, 2014, were as followsa. Issued 15,000 shares of $20 par common stock at $30, receiving cash.31, 2014b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash.156,000c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually.108,000d. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per91,200share on preferred stock. On the date of record, 100,000 shares of common stock8.776were outstanding, no treasury shares were held, and 20,000 shares of preferred stock99,976were outstanding69,200e. Paid the cash dividends declared in (d).05.000f. Purchased 7,500 shares of Solstice Corp. at $40 per share, plus a $150 brokerage com-38,176mission. The investment is classified as an available-for-sale investment.72:000g. Purchased 8,000 shares of treasury common stock at $33 per share.80,00050 000h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per27.400share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc.8.776treated the investment as an equity method investment.38,176i. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the dateof record, 20,000 shares of preferred stock had been issued.ost andj. Paid the cash dividends to the preferred stockholders.k. Received $27,500 dividend from Pinkberry Co, investment in (h).I. Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company.at their face amount plus accrued interest of $375. The bonds are classified as a held
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