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1. Issued 40,000 shares of common stock for $16 per share. 2. Issued 20,000 shares of the class A preferred stock for $52 per share.

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1. Issued 40,000 shares of common stock for $16 per share. 2. Issued 20,000 shares of the class A preferred stock for $52 per share. 3. Issued 60,000 shares of common stock for $20 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after thes been recognized. GOLDMAN INC. Balance Sheet (Partial) As of December 31, 2014 Stockholders' equity Common stock ~/ 1,000,000 1,000,000 ~/ 840,000 ~/ 40,000 V Preferred stock Paid-in capital in excess of par, common stock ~/ Paid-in capital in excess of stated value, preferred stock Retained earnings \\/ Total stockholders' equity - - 2,880,000

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