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8. The stockholders' equity section of the Lampley Construction Corporation's balance sheet December 31, 2020; included Preferred Stock, $100 pare $125,000; APIC Preferred stock, $55,000;
8. The stockholders' equity section of the Lampley Construction Corporation's balance sheet December 31, 2020; included Preferred Stock, $100 pare $125,000; APIC Preferred stock, $55,000; Common stock, $ 10 par, $150,000; APIC Common Stock $105,000; Retained Earnings, $78,000 and Treasury stock 300 shares ($4,200). The following transactions occurred during 2021, Issued 250 shares of preferred stock at $164 pershare; issued 3,000 shares common stock at $17 per share; Reacquired 200 shares of common stock as treasury stock for $15 per share; reissued 250 shares of treasury stock at $17 per share (FIFO basis); net income for 2021, $46,500 and dividends of $25,000 were distributed. On the back side of one of these pages, prepare the Statement of Stockholders' Equity for Lampley Construction Corporation (25 points)
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