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Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were
Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 148,200 shares Common Stock, 1,991,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,964,000 9,955,000 207,000 26,478,000 4,495,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec. 31 29,200 shares of preferred stock issued at $23 per share. 46,100 shares of common stock issued at $21 per share. 2-for-1 stock split (par value reduced to $2.50). 28,900 shares of common treasury stock purchased at $10 per share. Carla uses the cost method. 9,200 shares of treasury stock reissued at $12 per share. The preferred dividend is declared, and a common dividend of 530 per share is declared. Net income is $2,138,000. Prepare the stockholders' equity section for Carla Company at December 31, 2021. (Enter account name only and do not provide descriptive information.) CARLA COMPANY Stockholders' Equity December 31, 2021 Capital Stock T Preferred Stock 2964000 Common Stock 10185500 T Total Capital Stock 13533500 Additional Paid-in Capital 1 Paid-in Capital in Exces 294600 | Paid-in Capital in Exces 27215600 T Paid-in Capital from Tre 18400 27234000 T Total Paid-in Capital 40767500 Tretained Earnings 4216328 TTotal Paid-in Capital and Retained Earnings | 44983828 197000 Less 1. Treasury Stock Total Stockholders' Equity T Total Stockholders' Equity 44786828
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