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Hello all, I need help finding the stockholder's equity for this problem. Thank you Exercise 15-18 (Part Level Submission) Wildhorse Company reported the following amounts
Hello all, I need help finding the stockholder's equity for this problem. Thank you
Exercise 15-18 (Part Level Submission) Wildhorse Company reported the following amounts in the stockholders' equity section of its December 31, 2016, balance sheet. Preferred stock, 996, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (92,000 shares authorized, 18,400 shares issued) Additional paid-in capital Retained earnings 92,000 112,000 462,000 $846,000 Total During 2017, Wildhorse took part in the following transactions concerning stockholders' equity. 1, Paid the annual 2016 9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016 2. Purchased 1,500 shares of its own outstanding common stock for $44 per share. Wildhorse uses the cost method. 3. Reissued 700 treasury shares for land valued at $31,700 4. Issued 540 shares of preferred stock at $106 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $43 per share 6. Issued the stock dividend. 7. Declared the annual 2017 $9 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018
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