Chapter 11 Question #15 Thank you

Chapter 11 H C Not secure! xCChegg Study | Guided Sclutions tpx 0.37 points E11-3 Preparing the Stockholders Equity Section of the Balance Sheet [LO 11-2, LO 11-4] North Wind Aviation received ts charter duning January authorizing the tollowing capital stack Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares The following traisactions otcurred during the first year of cperalions iri the order sgiven a Issued a total of 33,000 shares of the common stock for S13 per share. b. Issued 12,00D shares ot the preterred stock at $14 per share c. Issued 2 30D shares ot the common stock at $18 per share and 1 c shares ot the preterred stack at $14 d Net income for the first yea was 541000 Required: Prepare the stockholders' equity section of the balance sheet at December 31 NORTH WIND AVIATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital: Total Contributed Capital Total Stockholders Equty O Type here to search 1:22 PM 12/3/2018