E $18-23$

Transactions

affecting retained

earnings

L$018-6$ through LO$18-8$

The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December $3,2015$:

$($$ in millions$)$

$\backslash$table$[[$Paid$-$in capital:,$],[$Preferred stock, $8\mathrm{.}8\%,90,000$ shares at $$1$ par,$96,000],[$Common stock, $364,000$ shares at $$1$ par,$1,437,000$