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Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2018, Clothing

Clothing Emporium was organized on January 1, 2018. The firm was

authorized to issue 100,000 shares of $5 par value common stock. During

2018, Clothing Emporium had the following transactions relating to

shareholders' equity:

Issued 30,000 shares of common stock at $7 per share.

Issued 20,000 additional shares of common stock at $8 per share.

Issued 300 shares of preferred stock PV=5 at $15 per share

Reported a net income of $100,000.

Paid dividends of $50,000.

Given the above answer the following questions

1. What is the total in the common stock account at 12/31/18

2. What is the ending balance in retained earnings at 12/31/18

3. What is additional paid in capital at 12/31/18

4. What is the total in the preferred stock account at 12/31/18

5. What is total stockholders equity at 12/31/18?

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