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1. Issued preferred stock with a par value of $152,000 for $208,000. 2. Purchased treasury stock (common) for $52,500. 3. Earned net income of $180,000.
1. Issued preferred stock with a par value of $152,000 for $208,000. 2. Purchased treasury stock (common) for $52,500. 3. Earned net income of $180,000. 4. Declared and paid cash dividends of $67,000. Prepare the stockholders' equity section of Shamrock Company's December 31, 2020, balance sheet. SHAMROCK COMPANY Balance Sheet (Partial) December 31,2020 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock $ 152000 Common Stock $712000 Additional Paid-in Capital In Excess of Par-Preferred Stock In Excess of Par-Common Stock Total Additional Paid-in Capital Additional Paid-in Capital Total Paid-in Capital Total Paid-in Capital and Retained Earnings Less : Treasury Stock-Common Total Stockholders' Equity
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