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For Feets Sake has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024,
For Feets Sake has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 180 , eeo shares of common stock for $23 per share. February 6 Issues 1 , Bee shares of gx preferred stock for $12 per share. september-10 Purchstes 10,000 shares of its own common stock for 528 per share. Decenber 15 Resells 5, Bge shares of treasury stock at $33 per share. In its first year ef operations. For Feet's. Sake has net income of $148000 and pays dividends at the end of the year of $95,000 i $1 per share) on all common shares outstanding and $1,440 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for For Feet's Sake as of Decenser 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)
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