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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-ouned

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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-ouned restaurants. The company's menu features a broad selection of high.quality steaks and other premium offerings. Assume the information below is from a recent annual report: a. Common stock, $0.01 par value; 100,010,000 shares authorized; 23,413,356 issued and outstanding at the end of the cirfrent year; 23,215,356 issued and outstanding at the end of last year. b. Additional paid-in capital: $191,389,000 at the end of the current year and $177,431,000 at the end of last year. c. Accumulated deficit: ($80,997,000) at the end of last year. d. In the current year, net income was $53,983,000 and a cash dividend of $7,138,000 was paid. Required: Prepare the stockholders' equity section of the balance sheet to reflect the above information for the current year and last year. Note: Amounts to be deducted should be indicated with a minus sign

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