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(1) please help me finish this problem :)! E11-9 (Algo) Determining the Effects of Transactions on Stockholders' Equity LO11-1, 11-3, 11-7, 11-8 Quick Fix-lt Corporation

(1) please help me finish this problem :)! image text in transcribed
E11-9 (Algo) Determining the Effects of Transactions on Stockholders' Equity LO11-1, 11-3, 11-7, 11-8 Quick Fix-lt Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following stock: Common stock, $17 par value, 99,500 shares authorized Preferred stock, $43 par value, 8 percent, 60,800 shares authorized During January and February of this year, the following stock transactions were completed: a. Sold 79,100 shares of common stock at $34 cash per share. b. Sold 21,500 shares of preferred stock at $78 cash per share. c. Repurchased 5,900 shares of common stock for $13 cash per share. Required: Net income for the year was $90,700; cash dividends declared and paid at year-end were $31,900. Prepare the stockholders' equity section of the balance sheet at the end of the year. Note: Amounts to be deducted should be indicated with a minus sign

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