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can you help me figure out the addtional paid in capital, in excess par prefeered stock, and in excess of par common stock. LE13-13. Ihe

can you help me figure out the addtional paid in capital, in excess par prefeered stock, and in excess of par common stock. image text in transcribed
image text in transcribed
LE13-13. Ihe stockbolders' equity section of Erik Corporation at December 31.is_ Erik Corporation Balance Sheet (partial) at December 31, 2012 Owner's Equity Paid-In Capital Capital Stock $ 300,000 10% Preferred Stock, $50 par value, 10,000 shares authorized, 6,000 shares issued and outstanding Common Stock, no par value, 750,000 shares authe 1,200,00 600,000 shares issued, and 590,000 shares outstanding $ 1,500,0 Total Capital Stock Additional Paid-in Capital In excess of par-Preferred Stock In excess of par-Common Stock From Treasury Stock Total additional Paid-in Capital Total Paid-in Capital $1,858,d Retained Earnings 1.858.00 Total Paid-in Capital and Retained Earnings 3,358,00 Less: Treasury Stock (10,000 common shares) (at cos (64,00O. Total StockHolders' Equity $3,294. Instructions CorpDREIR AssignRetEa Prepare the stockholders' equity section of the balance sheet at December 31, 2012. The stockholders' equity section of Erik Corporation at December 31 is as follows. E13-13 ERIK CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized, 600,000 shares issued $ 300,000 1,200,000 Total paid-in capital Retained earnings 1,500,000 1,858,000 Total paid-in capital and retained earnings Less: Treasury stock (10,000 common shares) Total stockholders' equity 3,358,000 (64,000) $3,294,000 Instructions From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? )Assuming there is a stated value what is the stated value of the.common stock? (c) Indicate the financial statement presentation of the related accounts

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