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Help! I can't figure out this one number! Ill include previous information about the question, I'm not sure if it's relevant, but just incase! Requirement

Help! I can't figure out this one number!

Ill include previous information about the question, I'm not sure if it's relevant, but just incase!

image text in transcribedimage text in transcribed
Requirement 2. Prepare the stockholders' equity section of the Red Maple balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $70,000 at April 30, 2018. Red Maple Corporation Balance Sheet (Partial) April 30, 2018 Stockholders' Equity Paid-In Capital: Preferred Stock-6%, $30 Par Value; 1,000 shares authorized, issued, and outstanding $ 30,000 Common Stock-$1 Par Value; 1,500 shares authorized, 610 shares issued and outstanding 610 Paid-In Capital in Excess of Par-Common Total Paid-In Capital Retained Earnings 70,000 Total Stockholders' Equitynvuvuuw uuu In'alulluulvll "an\" v- sun. Mar. 23 Cash Common Stock$1 Par Value Paid-In Capital in Excess of ParCommon Issued common stock for cash. Apr. 12: Received inventory with a market value of $28,000 and equipment with a market value of $17,000 for 370 shares of the $1 par value common stock. 2,640 240 2,400 Date Accounts and Explanation Debit Credit Apr. 12 Inventory 28,000 Equipment 17,000 Common Stock$1 Par Value 370 Paid-In Capital in Excess of ParCommon 44.630 Issued common stock for inventory and equipment. Apr. 17: Issued 1,000 shares of 6%, $30 par value preferred stock for $30 per share. Date Accounts and Explanation Debit Credit Apr. 17 Cash Preferred Stock$30 Par Value 30.000 30,000

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