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At December 31, 2018 Northern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions except per-share amounts) (Click the icon to

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At December 31, 2018 Northern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions except per-share amounts) (Click the icon to view the data) 2019 equity transactions were recorded as follows Northern's 2019 transactions included (Click the icon to view the journal entries) Click the icon to view the transactions) Read the requirement Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019 (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet Use parentheses or a minus sign for numbers to be subtracted For purposes of this exercise ignore the outstanding shares in the statement of stockholders' equity Enter amounts in millions, except for par value, as provided to you in the problem statement) Balance Sheet (Partial) (Millions) Stockholders' Equity par million shares S Total paid.in capital Total stockholders' equity x Data Table Common stock, $1.00 par value per share, 22 million shares issued $ 22 . 77 Paid-in capital in excess of par value Retained earnings Treasury stock, at cost 240 (110) $ 229 Total stockholders' equity Print Done Reference Date Debit Credit 2019 Journal Entry Accounts (in millions) Cash Common Stock Paid-in Capital in Excess of Par 145 bal Istat 10 135 66 Treasury Stock Cash 66 Cash 45 33 Treasury Stock Paid-in Capital from Treasury Stock 12 30 Retained Earnings Dividends Payable 30 Print Done i More Info - X a. Net income, $442 million b. Issuance of 10 million shares of common stock for $14.50 per share c. Purchase of 6 million shares of treasury stock for $66 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $30 million Print Done

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