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Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company and franchisee-owned restaurants. The company's menu features a broad
Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company and franchisee-owned restaurants. The company's menu features a broad selection of high-quality steaks and other premium offerings. Assume the information below is from a recent annual report: a. Common stock, $0.01 par value: 100,090,000 shares authorized: 23,433,356 issued and outstanding at the end of the current year, 23,265,356 issued and outstanding at the end of last year . Additional paid-in capital: $194,389,000 at the end of the current year and $176,431.000 at the end of last year, c Retained earnings / (accumulated deficit): ($82,297.000) at the end of last year. d. In the current year, net Income was $54,583,000 and a cash dividend of $7138,000 was paid. Required: Prepare the stockholders' equity section of the balance sheet to reflect the above information for the current year and fast year. (Amounts to be deducted should be indicated with a minus sign.) ABES STEAKHOUSE Balance Sheet (Partin) Current Year Last Year Shareholders' equity Total shareholders' equity
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