issued 100000 shares of stock at $5 each 1000000 shares are authorized at $1 par

issued 100000 shares of stock at $5 each 1000000 shares are authorized at $1 par value issued 10000 shares of common stock for a building and land the building was appraised for 20000 but the value of the land is undetermined.the stock is selling for $!0 on open market. purchase 1000 share of it own common stock on the opem market foe $16 per share. declared a dividend of $10 on outstanding common stock. the dividend is to be paid after the end of the first year of operations . market value is $26. declared a 2 for 1 stock split the market value of of the stock was $37 before the stock split. reported 180000 of income for the year. indicate each transactions effect on the asset liabilities and stockholders equity of Horton inc. 2 prepare the stockholders equity section on the balance sheet. write a paragraph that explains the number of shares of stock issued and outstanding at the end of the year