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1 -Word & ? , 1 7p :-. l-,'y, $ AaE AaE AaE 2 Donnie Hilfiger has two classes of stock authorized: $1 par preferred
1 -Word & ? , 1 7p :-. l-,'y, $ AaE AaE AaE 2 Donnie Hilfiger has two classes of stock authorized: $1 par preferred and So.01 par value common. As of the beginning of 2018, 200 shares of preferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2018 March 1 Issue 1,000 shares of common stock for $38 per share - May 15 Purchase 600 shares of treasury stock for $31 per share. July 10 Reissue 100 shares of treasury stock purchased on May 15 forses per share . October 15 Issue 100 shares of preferred stock for $41 per share December 1 Declare a cash dividend on both common and preferred stock of $0.70 per share to all stockholders of record on December 15 (Hint Dividends are not paid on treasury stock ) December 31 Pay the cash dividends declared on December 1 , Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2018. Preterred Stock, $200, Common Stock, $36, Adaitional Paid-in Capital $72.000; and Retained Earnings, $28,500 Net income for the year ended December 31, 2018, is $10,400+ Taking into consideration the beginning balances on January 1, 2018 and all the transactions Taking into consideration the beginning balances on January 1. 2018 and all the transactions during 2018, respond to the tollowing for Donnie Hilnger 1. Prepare the statement of stocknolders' equity tor the year ended December 2018. (Amounts to be deducted should be indicated by a minus sign.) DONNIE HILFIGER YS RO
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