E11-5 (Algo) Reporting Stockholders' Equity and Determining Dividend Policy LO11-1, 11-3, 11-4, 11-7

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Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, $19 par value, 11,800 shares authorized. During the year, the following selected transactions were completed:

a.	Sold 6,100 shares of common stock for cash at $38 per share.
b.	Sold 2,600 shares of common stock for cash at $43 per share.
c.	At year-end, the accounts reflected income of $6,300. No dividends were declared.

E11-5 Part 2

2. Prepare the stockholders equity section as it should be reported on the year-end balance sheet.(Amounts to be deducted should be indicated by a minus sign.)

2. Prepare the stockholders' equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Part 2 of 2 2.5 TARRANT CORPORATION Balance Sheet (Partial) At December 31, This year points eBook Stockholders' equity Contributed capital: Text Hint Print References Total contributed capital 0 Total stockholders' equity $ 0