apter 11 Homework Saved North Wind Aviation received its charter during January authorizing the following capital stock: 1 Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par si, authorized 60,000 shares. ints 03:08:22 The following transactions occurred during the first year of operations in the order given: a. Issued a total of 46,000 shares of the common stock for $14 per share. b. Issued 10,000 shares of the preferred stock at $15 per share. c.Issued 3,600 shares of the common stock at $19 per share and 1,000 shares of the preferred stock at $15. d. Net income for the first year was $54,000, but no dividends were declared. eBook Required: Prepare the stockholders' equity section of the balance sheet at December 31. Print NORTH WIND AVIATION Balance Sheet (Partian Al December 31 Stockholders. Equity Contributed Capital: Total Contributed Capital 0 Total Stockholders' Equity $ 0 Me G (Prev 1 of 9 !!! Next >