e11-4 (algo) reporting stockholders' equity lo11-1, 11-2, 11-3 skip to question [the following information applies to the questions displayed below.] the financial statements for highland corporation included the following selected information: common stock $ 535,000 retained earnings $ 750,000 net income $ 1,120,000 shares issued 107,000 shares outstanding 70,000 dividends declared and paid $ 630,000 the common stock was sold at a price of $25 per share.