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Billie Corporations stockholders equity at December 31, 2008, consisted of the following (in thousands) :...

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Accounting

Billie Corporations stockholders equity at December 31, 2008, consisted of the following

(in thousands) :

Capital stock, $10 par 80,000 shares issued and outstanding $ 800

Additional paid in capital 200

Retained Earnings 300

On January 1, 2009, Mandy Corporation purchased 20,000 previously unissued shares of

Billie stock directly from Billie for $ 600,000.

During the year Billie reported profits of $ $ 60,000 and paid dividends of 35 cents per share

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