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During 2017, the following transactions occurred: Jan. 5 Issued 10,000 shares of common stock for $13 cash per share. Jan. 18 Repurchased 4,000 shares of
During 2017, the following transactions occurred: Jan. 5 Issued 10,000 shares of common stock for $13 cash per share. Jan. 18 Repurchased 4,000 shares of common stock at $16 cash per share. Mar. 12 Sold one-fourth of the treasury shares acquired January 18 for $19 cash per share. July 17 Sold 500 shares of treasury stock for $14 cash per share. Oct. 1 issued 5,000 shares of 8% $25 par value preferred stock for $36 cash per share. This is the first issuance of preferred shares from the 50,000 authorized preferred shares. Prepare the December 31, 2017, stockholders equity section of the balance sheet assuming that the company reports net income of $76.900 for the year
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