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3.75 Question 3 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct Metlock Company has two classes of capital stock

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3.75 Question 3 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct Metlock Company has two classes of capital stock outstanding 8X, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity Preferred Stock, 136,300 shares $2.726.000 Common Stock. 2.036.000 shares 10.180.000 Paid in Capitales of Par-Preferred Stock 191.000 Pald-in Capital of Par-Common Stock 27457.000 Retained Earnings 4,469,000 The following transactions affected stockholders' equity during 2021. Jan 1 32,500 shares of preferred stock issued at $24 per share. Feb. 1 46.400 shares of common stock issued at $21 per share. June 1 2-for-1 stock split par value reduced to $2.501 July 1 2.300 shares of common treasury stock purchased at $10 per share. Matlock uses the cost method Sept. 15 9.700 shares of treasury stock reissued at $12 per share. Dec 31 The preferred dividend is declared, and a common dividend of 43 per share is declared Dec 31 Net income is $2.070.000 Prepare the stockholders' equity section for Matlock Company at December 31, 2021. Enter account name only and do not provide descriptive information METLOCK COMPANY MacBook Pro 28 . 5 & 7 C 9 4 1 O 5 6 8 E 20 T Y U I o P D F G H J K L > ? C

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