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help me with red part on balance sheet On December 31,2024 , Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding.
help me with red part on balance sheet On December 31,2024 , Sunland Company had 1,360,000 shares of $5 par common stock issued and outstanding. At December 31 , 2024, stockholders' equity had the amounts listed here. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $105 per share 111,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8 , reacquired 14,100 shares of its common stock for $10 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. 4. On June 8, declared a cash dividend of $1.80 per share on the common stock outstanding, payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,695,000. Date Account Titles and Explanation Credit Jan10 Cash 11655000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Feb.8 Treasury Stock \begin{tabular}{|c|} \hline 141000 \\ \hline \end{tabular} 11100000 Cash Dividends \begin{tabular}{|l|} \hline 999000 \\ \hline \end{tabular} Dividends Payable dun8 Retained Earnings 24226200 Dividends Payable Jun. 10 Dividends Payable 999000 Jul. 10 Dividends Payable 2422620 Cash Dec. 31 Income Summary. Retained Earnings (To close net income) Dec, 31 Retained Earnings 3421620 Cash Dividends (To close cash dividends) SUNLAND COMPANY Partial Balance Sheet December 31,2025 Stockholders' Equity Paid-in Capital CapitalStock Preferred Stock Comman Stack Paid-in CaDital Additional Paid-in Capital Pald-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Total Additional Paid-in Capital Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : : Treasury Stock Total Stockholders Equity
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