Book value of common stockholders' equity of Dow Chemical, December 31, 2010 (figure in billions). Common Shares ($1.5 par value per share) $2.939; Additioan paid in capital $2.294; retained earnings 17.744; treasury shares at cost (0.247); Other (4.883); Net common equity is $17.847
a. Suppose that Dow Chemical issues 100 million shares at $20 share. Show the company's equity after the issue.
b. Suppose that Dow SUBSEQUENTLY repurchased 50 million shares at $34 a share. Rework part (a) to show the effect of the futher change.