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Also find retained earnings and treasury stock that are under total contributed capital. Also, what are the number of shares authorized, issued, and outstanding for

Also find retained earnings and treasury stock that are under total contributed capital.
Also, what are the number of shares authorized, issued, and outstanding for both preferred and common stock image text in transcribed
eBook Peeler Company was incorporated as a new business on January 1, 2017. The corporate charter approved on that date authorized the issuance of 1,000 shares of $100 par, 7% cumulative, nonparticipating preferred stock and 13,000 shares of $5 par common stock. On January 10, Peeler issued for cash 500 shares of preferred stock at $123 per share and 3,600 shares of common stock at $83 per share. On January 20, it issued 1,000 shares of common stock to acquire a building site at a time when the stock was selling for $69 per share. Calculator During 2017, Peeler established an employee benefit plan and acquired 520 shares of common stock at $58 per share as treasury stock for that purpose. Later in 2017, it resold 100 shares of the stock at $68 per share On December 31, 2017, Peeler determined its net income for the year to be $41,100. The firm declared the annual cash dividend to preferred stockholders and a cash dividend of $5 per share to the common stockholders. The dividends will be paid in 2018. Required: 1. Develop the Stockholders' Equity category of Peeler's balance sheet as of December 31, 2017. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Peeler Company Partial Balance Sheet December 31, 2017 Stockholders' equity Preferred stock Common stock Additional paid-in capital-preferred stock Additional paid-in capital-common stock Additional paid-in capital-treasury stock Total contributed capital 50,000 23,000 11,500 1,000 Check My Work Previous Next Email Instructor Save and Exit Submit Assignment for Grading

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