PRESENTING COMMON STOCKHOLDERS’ EQUITY. Harrison Properties te was incorporated at the beginning of 19x2. During 19x2 Harrison had an initial public Lo offering of 14,000 shares of $20 par common stock at a price of $32.60 per share. All 14,000 shares were sold. Harrison had net income for the year of $4,150 and declared and paid a $.10-per-share cash dividend.

REQUIRED:

Prepare the stockholders’ equity portion of Harrison’s December 31, 19x2, balance sheet.