E11-8 (Static) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Ruth's Chris 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 steaks and other premium offerings. Assume the information below is from a recent annual report: a. Common stock, $0.01 par value; 100,000,000 shares authorized; 34,990,170 issued and outstanding at the end of the current year, 34,333,858 issued and outstanding at the end of last year. b. Additional paid-in capital: $169,107,000 at the end of the current year and $155,455,000 at the end of last year. c. Retained earnings/ (accumulated deficit): ($68,804,000) at the end of last year. d. In the current year, net income was $16,455,000 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. (Amounts to be deducted should be indicated with a minus sign.) Stockholders' equity: Common stock RUTH'S CHRIS STEAKHOUSE Balance Sheet (Partial) Current Year Last Year Additional paid-in capital Retained earnings Treasury stock Total stockholders' equity $ 0 $ 0