E11-14 Preparing a Statement of Stockholders' Equity and Evaluating Dividend Policy LO11-1, 11-3, 11-4. 11-5 The following information applies to the questions displayed below.) The following account balances were selected from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock 520 r ue 100000 Shares authored 34000 shares issued 32.000 shares Outstanding Additional paid in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost 2.000 shares) Net income for the year was $30,000. The stock price is currently $22.29 per share. References Section Break ELP of Stockholders Equity and Evaluating Dividend Policy LOT 113 114 115 7. 12 50 points E11-14 Part 1 Required 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. (Amounts to be deducted should be indicated by a minus sign.) TAC CORPORATION Balance Sheet Part Al December. The Year