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Goldman Inc. was organized on June 1, 2014. It was authorized to issue 350,000 shares of $10 par common stock and 65,000 shares of 5

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Goldman Inc. was organized on June 1, 2014. It was authorized to issue 350,000 shares of $10 par common stock and 65,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $30 per share. The following stock transactions pertain to Goldman Inc.: Issued 25,000 shares of common stock for $14 per share. Issued 9,000 shares of the class A preferred stock for $32 per share. Issued 46,000 shares of common stock for $18 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized

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