finishing touches has two classes of stock authorized: 8%, $10 par preferred,and $1 par value common. the following transactions affect stockholders equity during 2018 its first year of operations:

January 2 Issues 100,000 shares of common stock for $28 per share

February 6 Issues 2,300 shares of 8% preferred stock for $12 per share

September 10 purchases 10,000 shares of its own common stock for $33 per share

December 15 Reissues 5,000 shares of treasury stock at $38 per share

In its first year of operations, Finishing Touches has net income of $153,000 and pays dividends at the end of the year of $95,000 ($1 per share) on all common shares outstanding and $1,840 on all preferred shares outstanding.

I NEED HELP FIGURING OUT THE ADDITIONAL PAID-IN CAPITAL AND TREASURY STOCK

1 Capitulo 53 Comp 54-Violetta UK September 10 Purchases 10,000 shares of its own common stock for $3 December 15 Reissues 5,000 shares of treasury stock at $38 per share. In its first year of operations, Finishing Touches has net income of $153,0 1,840 on all preferred shares outstanding Required Prepare the stockholders' equity section of the balance sheet for Finishing FINISHING TOUCHES Balance Sheet (Stockholders' Equity Section) 31, 2018 23,000 100,000 stock Common stock Additional paid-in capital Total paid-in capital 123,000 56,160 reasury stock Total stockholders' equity 179,160 Hints References eBook & Resources Hint 20