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; 100,050,000 shares authorized; 23,553,356 issued and outstanding at the end of the current year, 23,385,356 issued and outstanding at the end of last year.

b. Additional paid-in capital: $197,389,000 at the end of the current year and $172,431,000 at the end of last year.

c. Retained earnings / (accumulated deficit): ($81,397,000) at the end of last year.

d. In the current year, net income was $55,683,000 and a cash dividend of $7,138,000 was paid. Required: Prepare the stockholders equity section of the balance sheet to reflect the above information for the current year and last year.

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; 100,050,000 shares authorized; 23,553,356 issued and outstanding at the end of the current year, 23,385,356 issued and outstanding at the end of last year. b. Additional paid-in capital: $197,389,000 at the end of the current year and $172,431,000 at the end of last year. c. Retained earnings / (accumulated deficit): ($81,397,000) at the end of last year. d. In the current year, net income was $55,683,000 and a cash dividend of $7,138,000 was paid. Required: Prepare the stockholders' equity section of the balance sheet to reflect the above information for the current year and last year. (Amounts to be deducted should be indicated with a minus sign.)