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CALCULATOR PRINTER VERSION BACK NEXT Problem 15-03 Blue Company has two classes of capital stock outstanding: 9%, $20 par preferred and $5 par common. At
CALCULATOR PRINTER VERSION BACK NEXT Problem 15-03 Blue Company has two classes of capital stock outstanding: 9%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 149,800 shares $ 2,996,000 Common Stock, 2,026,000 shares 10,130,000 Pald-in Capital in Excess of Par-Preferred Stock 195,000 Paid-in Capital in Excess of Par--Common Stock 27,225,000 Retained Earnings 4,572,000 The following transactions affected stockholders' equity during 2021 Jan. 1 31,800 shares of preferred stock issued at $23 per share. Feb. 1 54,400 shares of common stock issued at $19 per share June 1 2 for 1 stock split (par value reduced to $2.50) July 27,600 shares of common treasury stock purchased at $10 per share. Blue uses the cost method Sept. 15 10,300 shares of treasury stock reissued at $11 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 45 per share is declared Dec. 31 Net income is $2.075,000. Prepare the stockholders' equity section for Blue Company at December 31, 2021. (Enter account name only and do not provide descriptive information) BLUE COMPANY Stockholders' Equity MacBook CALOVATOR PRINTER VERSION BACK NET Stockholders' Equity SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEKT LINK TO TEKT
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