Coronado Company was formed on July 1, 2015. It was authorized to issue306,400shares of $10par value common stock and101,400shares of7% $25par value, cumulative and nonparticipating preferred stock. Coronado Company has a July 1June 30 fiscal year.

The following information relates to the stockholders equity accounts of Coronado Company.

Common Stock

Prior to the 20172018 fiscal year, Coronado Company had111,200shares of outstanding common stock issued as follows.

1.81,900shares were issued for cash on July 1, 2015, at $30per share.2.On July 24, 2015,5,000shares were exchanged for a plot of land which cost the seller $68,100in 2009 and had an estimated fair value of $220,900on July 24, 2015.3.24,300shares were issued on March 1, 2016, for $41per share.

During the 20172018 fiscal year, the following transactions regarding common stock took place.

November30,2017Coronado purchased1,900shares of its own stock on the open market at $37per share. Coronado uses the cost method for treasury stock.December15,2017Coronado declared a5% stock dividend for stockholders of record on January 15, 2018, to be issued on January 31, 2018. Coronado was having a liquidity problem and could not afford a cash dividend at the time. Coronados common stock was selling at $47per share on December 15, 2017.June20,2018Coronado sold540shares of its own common stock that it had purchased on November 30, 2017, for $20,100.

Preferred Stock

Coronado issued43,600shares of preferred stock at $48per share on July 1, 2016.

Cash Dividends

Coronado has followed a schedule of declaring cash dividends in December and June, with payment being made to stockholders of record in the following month. The cash dividends which have been declared since inception of the company through June 30, 2018, are shown below

Declaration

Date Common Stock Preferred Stock

12/15/16 $0.30 per share $1 per share

6/15/17 $0.30 per share $1 per share

12/15/17 $1 per share

No cash dividends were declared during June 2018 due to the companys liquidity problems.

Retained Earnings

As of June 30, 2017, Coronados retained earnings account had a balance of $657,300. For the fiscal year ending June 30, 2018, Coronado reported net income of $38,100.

Prepare the stockholders equity section of the balance sheet, for Coronado Company as of June 30, 2018, as it should appear in its annual report to the shareholders.(Enter account name only and do not provide descriptive information.)