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Assume the following authorized shares for B- Wireless Wireless Co: 140,000 shares of $1 par value common stock. 100,000 shares of 7%, $50 par value

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Assume the following authorized shares for B- Wireless Wireless Co: 140,000 shares of $1 par value common stock. 100,000 shares of 7%, $50 par value cumulative preferred stock and The company had the following during its first month of doing business. Oct. 2: Purchased furniture, issuing 23,000 shares of common stock. The furniture was worth $130,000. Oct. 6: Issued 500 shares of preferred stock for $160 per share. Oct. 9: Issued 12,000 shares of common stock for $60,000. Oct. 10: Declared a $18,000 dividend. The dividend was paid the following month. Additionally, the company had net income of $97,000 for the month. Requirement: Complete the following for the company at the end of the month. B-Wireless Wireless Balance Sheet (Partial) October 31, 2018 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity

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