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Capital Northeast Corporation's post-closing trial balance at December 31, 2017, was as follows. Cr $ 668,000 450,000 CAPITAL NORTHEAST CORPORATION Posr-CLOSING THE BALANCE DECEMBER, 2017

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Capital Northeast Corporation's post-closing trial balance at December 31, 2017, was as follows. Cr $ 668,000 450,000 CAPITAL NORTHEAST CORPORATION Posr-CLOSING THE BALANCE DECEMBER, 2017 Dr Accounts payable Accounts receivable $ 605,000 Accumulated depreciationquipment Additional paid in capital common In excess of par value From sale of treasury stock Allowance for doubtful accounts Equipment 6,800,000 Cash 200,000 Common stock (51 par value) Dividends payable on common stock cash Inventories 750,000 Investments 2,500,000 Preferred stock (5100 par value) Prepaid insurance 65,80 Rethined earnings Treasury stock common at cost 125,000 Totabs $11,105,800 1,900,000 15,000 20,000 500,000 50,000 6,500,000 982,000 S11,105,000 At December 31, 2017, Capital Northwest had the following number of common and preferred shares Common Preferred Authorld 2.500,000 1.200,000 Issued 500,000 65,00 Outstanding 490,000 65,000 The dividerids on preferred stock are 6% cumulative. In addition, the preferred stock has a preference in liquidation of $102 per share Instructions Prepare the stockholders' equity section of Capital Northeast's balance sheet at December 31, 2017 TAIP dantel

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