PRESENTATION OF STOCKHOLDERS’ EQUITY. Yeager Corporation was organized in January 19x4. During 19x4 Yeager engaged in the following stockholders’

equity activities:

a) Secured approval for a corporate charter that authorizes Yeager to sell 500,000 shares of $10 par common stock and 40,000 shares of $100 par preferred stock.

b) Sold 60,000 of the common shares for $16 per share.

c) Sold 2,000 of the preferred shares for $102 per share.

d) Purchased 550 of the common shares for the treasury at a cost of $18 each.

e) Earned net income of $31,300.

f) Paid dividends of $6,000. #

REQUIRED:

Prepare the stockholders’ equity portion of Yeager’s balance sheet.