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Give me step by step Question #5 (20 points) Hudson Corporation was organized on January 1, 2017. Information related to the corporation equity section is

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Question #5 (20 points) Hudson Corporation was organized on January 1, 2017. Information related to the corporation equity section is listed below. Authorized stock: 90,000 shares of $10 par value common stock stock 50,000 shares of 5%, $50 par value, noncumulative preferred Issued stock: 50,000 shares of common stock at an average issue price of $15. 12,000 shares of preferred stock at an average issue price of $68. Retained Earnings as of December 31, 2017: $47,000 Using this information, prepare the stockholders' equity section for the balance sheet of Hudson Corporation on December 31, 2017

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