Hello, I need to make sure my answer is correct since this is for a grade. I am solving for the stockholders' equity. These are my answers for the numbers in parantheses.

1. 175,000; 2. 3,500,000; 3. $2,50; 4. 4,080,000; 5. 4,060,000; 6. 10,200,000; 7. 13,700,000; 8. 250,000; 9. 27,600,000; 10. 10,000; 11. 27,860,000; 12. 41,560,000; 13. 4,290,000; 14. 45,850,000; 15. (170,000); 16. 45,680,000. Please check to see if all my answers are all correct. Here is the problem. I just want to inform you, to solve for the outstanding of common stock, this is what I did: ((2,000,000 + 40,000) = $4,080,000 - 30,000 + 10,000= 4,060,000. I provided you with a hint so you don't get off guard. Please help me. Anyone good with financial accounting, please check my work and see I have arrived at the correct answer. Thanks.

Stockholders Equity Problem

Amado Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2000, the following accounts were included in stockholders equity:

Amount:

Preferred Stock: 150,000 shares $3,000,000

Common Stock: 2,000,000 shares $10,000,000

Paid-in Capital in Excess of Par-Preferred $200,000

Paid-in Capital in Excess of Par-Common $27,000,000

Retained Earnings $4,500,000

The following transactions affected stockholders equity during 2001:

Jan 1: 25,000 shares of preferred stock issued at $22 per share

Feb. 1: 40,000 shares of common stock issued at $20 per share

June 1: 2-for-1 stock split (par value reduced to $2.50)

July 1: 30,000 shares of common treasury stock purchase at $9 per share. Amado uses the cost method

Sept. 15: 10,000 shares of treasury stock reissued at $11 per share

Dec. 31: Net income is $2,100,000

Dec. 31: The preferred dividend is declared, and a common dividend of $0.50 per share is declared.

Instructions: Prepare the stockholders equity section for Amado Company at December 31, 2001.

Amado Company Stockholders Equity December 31, 2001
	Amount:	Amount:
Contributed Capital:
Preferred stock, $20 par, 8%, (1) shares issued and outstanding	(2)
Common stock, $(3) par, (4) shares issued, (5) shares outstanding	(6)
Total Capital Stock		(7)
Additional Paid-in Capital:
Excess over par-preferred	(8)
Excess over par-common	(9)
From treasury stock transactions	(10)
Total Additional Paid-in Capital		(11)
Total Paid-in Capital		(12)
Retained Earnings		(13)
Total Paid-in Capital and Retained Earnings		(14)
Less		(15)
Total Stockholders Equity		(16)