For the year ended December 31, 20x1, Pitchfork Inc. reported the following: Net income $200,000 Overstatement of prior year’s income due to Change in Accounting Principle (net of tax) 50,000 Common dividend declared 10,000 Unrealized holding loss, net of tax 5,000 Retained earnings, beginning balance 400,000 Common stock 300,000 Accumulated Other Comprehensive Income, Beginning Balance 25,000 What would Pitchfork report as total stockholders' equity as of December 31, 20x1?

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)