The shareholders' equity section of the balance sheet of The Claremont Company appeared as follows at the end of the first year of operations: Common stock, $0.04par value $240,000
Additional paid-in-capital 35,760,000
Retained earnings 12,800,000
Treasury stock (3,000,000)
Shareholders' equity $45,800,000

During the second year of operations, the following transactions occurred:

1. Generated net income of $2.4 million.
2. Paid a cash dividend of $0.6 million.
3. Purchased 100,000 shares of common stock at $3.8 per share.
4. Executed a 1-for-2 reverse stock split.

Required:
Prepare the shareholders' equity section of the balance sheet of Claremont Company at the end of the second year of operations.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?