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13 Required information [The following information applies to the questions displayed below) Part 1 of 2 Donnie Hilfiger has two classes of stock authorized $1

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13 Required information [The following information applies to the questions displayed below) Part 1 of 2 Donnie Hilfiger has two classes of stock authorized $1 par preferred and $0.01 par value common. As of the beginning of 2021, 200 shares of proferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021 March 1 Issue 1,000 shares of common stock for $38 per share. May 15 Purchase 6e shares of treasury stock for $31 per share. July 10 Resell 100 shares of treasury stock purchased on May 15 for $36 per share. October 15 Issue 100 shares of preferred stock for $41 per share. December 1 Declare a cash dividend on both Coon and preferred stock of $0.78 per share to att 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 Hifiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock. $200. Common Stock $36. Additional Paid-in Capital $72,000 and Retained Earnings $28,500. Not income for the year ended December 31, 2021 is $10,400 Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger Required: 1. Prepare the stockholders equity section of the balance sheet as of December 31 2021 (Amounts to be deducted should be Indicated by a minus sign.) DONNIE HILFIGER Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' oquity Preferand stock Common stock Additional paid in capital D Total aid capital Renderings Treasury stok Total sockholders equity 5 14 Required information [The following information applies to the questions displayed below) Part 2 of 2 Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 200 shares of preferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: 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 Reselt 100 shares of treasury stock purchased on May 15 for $36 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, 2021: Preferred Stock, $200; Common Stock. $36; Additional Paid-in Capital, $72,000, and Retained Earnings. $28,500. Net Income for the year ended December 31, 2021, is $10,400, Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021 (Amounts to be deducted should be Indicated by a minus sign.) Answer is complete but not entirely correct. DONNE HILFIGER Statement of stockholders' Equity For the Year Ended December 31, 2021 Preferred Common Additional Retained Total Treasury Pald-in Block Stock Stockholders Emmings Capital Stock Equity Balance January 1 S 200 $ 36s 72,000S 28,600 S 100.738 Issue common stock 10 3.790 3.000 Purchase treasury stock (18.600) (18,600) Resol treasury stock 500 3.100 3,600 Issue preferred stock 100 4,000 4,100 Decare cash dividends (3.000) (3.080) Net income 10.400 10.400 $ $ 300 $ Balance, December 31 45 35,820 $100,956 80,290 (15,500) $ 13 ! Required information The following information applies to the questions displayed below.] Part 1 of 2 Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021,200 shares of preferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: eBook 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 Resell 100 shares of treasury stock purchased on May 15 for $36 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 Hifiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $200, Common Stock, $36; Additional Pald-in Capital, $72,000; and Retained Earnings. $28,500. Net income for the year ended December 31, 2021, is $10,400 Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger Required: 1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) DONNIE HILFIGER Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity Preferred stock Common stock Additional paid in captal 0 Total pald-in capital Retained earnings Treasury stock Total stockholders' equity 5 0 14 Part 2012 July Donnie Hilfiger has two classes of stock authorized:S1 par preferred and $0.01 par value common As of the beginning of 2021 200 shares of preferred stock and 3,600 shares of common stock have been issued. The following transactions affect stockholdersequity during 2021 March 1 Issue 1.000 shares of common stock for $38 per share. May 15 Purchase 60 shares of treasury stock for $31 per share. 10 Resell 100 shares of treasury stock purchased on May 15 for $35 per share. October 15 Issue 100 shares of preferred stock for 541 per share December 1 Declare a cash dividend on both Connon and preferred stock of $0.70 per share to all stockholders of record on December 15. (HintDividends 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, 2021 Preferred Stock, 5200, Common Stock. $36; Additional Paid in Capital, $72,000, and Retained Brings $28,600. Net income for the you ended December 31, 2021 is $10,400 Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Donnie Hilfiger 2. Prepare the statement of stockholders' equity for the year ended December 31, 2021. (Amounts to be deducted should be indicated by a minus sign) Daarve, January 1 I DO NOCK Purchase treasury stock Roltrasury MR Issue prefered shock Declare haviends Net income Balance December 31 Answer is complete but not entirely correct. DONNIE HILFIDER Statement of stockholders' Equity For the Year Ended December 31, 2021 Additional Preferred Connon Pald Red Treasury Bock Capital Earnings Stock 2005 30 72.000 28.500 10 3,750 (18.600) 500 3.100 100 4,000 (3.00) 10.400 $ 5 300 $ 40 36.820 30.00 115 500) Total Biod holder Equity 100.730 3.000 (18.600) 3.000 4.100 3.00) 10.400 $ 100.000 $

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