Cornerstone Development Company€™s balance sheet information at the end of 2016 and 2017 is provided in random order, as follows:

Additional information:
At the end of 2016,
(a) The amount of long-term liabilities is twice the amount of current liabilities
(b) There are 2,900 shares of common stock outstanding.
During 2017, the company
(a) Issued 100 shares of common stock for $25 per share,
(b) Earned net income of $20,600,
(c) Paid dividends of $1 per share on the common stock outstanding at year-end.
Required:
Fill in the blanks lettered (a) through (p). All of the necessary information is provided.

Transcribed Image Text:

) 33,100 Accumulated other comprehensive income 2 Common stock, $10 par Total shareholders' equity Accumulated depreciation 39,800 Total contributed capital Additional paid-in capital Property, plant, and equipment 180,000