Peter Pan Corporation was organized on January 1, 2014. During 2014, Peter Pan had the...
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Accounting
Peter Pan Corporation was organized on January 1, 2014. During 2014, Peter Pan had the following transactions relating to shareholders' equity:
(1) issued 10,000 shares of common stock at $7 per share; (2) issued 20,000 shares of common stock at $8 per share; (3) reported net income of $100,000 for 2014; (4) paid dividends of $50,000; (5) purchased 3,000 shares of treasury stock at $10 per share.
What is the Total shareholders' equity at the end of 2014 is:
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