A corporation reported the following during 2018: Net income $175,250 Sale of 10,000 shares of $5 par value common stock for $8. 75 per share A repurchase of shares as treasury stock, costing $24,750 A resale of treasury stock for $14,695; the shares cost $15,500 when repurchased. A declaration and distribution of a $39,000 cash dividend A declaration and distribution of a "small" stock dividend of 5,000 shares of $5 par value common stock at a total market value of $50,000. What was the increase in owners' equity during 2018?
