Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue

Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2021, Poodle had the following transactions relating to shareholders' equity:

a. Issued 30,000 shares of common stock at $7 per share.
b. Issued 20,000 shares of common stock at $8 per share.
c. Reported net income of $100,000.-
d. Paid dividends of $50,000.-


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