E11-8 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company and franchisee-owned restaurants. The company's menu features a broad selection of high quality steals and other premium offerings. Assume the Information below is from a recent annual report: a Common stock. $0.01 par value 100,040,000 shares authorized: 23.443,356 issued and outstanding at the end of the current year, 23,285,356 issued and outstanding at the end of last year. b. Additional peld-in capital $193,389,000 at the end of the current year and $177,431000 at the end of last year. c. Retained earnings / accumulated deficity (582.297.000) at the end of last year. d. In the current year, net Income was $55,583.000 and a cash dividend of $7.138,000 was pald Required: Prepare the stockholders equity section of the balance sheet to reflect the above information for the current year and last year. (Amounts to be deducted should be indicated with a minus sign.) ABES STEAKHOUSE lance the Pantan Current Year La Year Shareholders equily: Total hareholders