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Common stock ($20 par value 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) $680,000 Additional paid-in capital 163.000 Dividends declared and paid during the

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Common stock ($20 par value 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) $680,000 Additional paid-in capital 163.000 Dividends declared and paid during the year 16,000 Retained earnings at the beginning of the year Treasury stock at cost 2,000 shares) (25,000) Net income for the year was S30 000. The stock price is currently $22.29 per share. 4. 300 points Required 1. Prepare the stockholders equity section of the balance sheet at the end of the fiscal year. (Amounts to be dducted should be indicated by a minus sign) 31, This Fiscal Year Contributed Capital

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