Help with requirement 2. filling out stockholders equity.

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%E10-16A (similar to) is Question Help The charter for Zealax, Inc., authorizes the company to issue 250,000 shares of S8, no-par preferred stock and 350,000 shares of common stock with S1 par value. During its start-up phase, Zealax, Inc. completed the following transactions: (Click on the icon to view the transactions) Read the requirements. Apr 14: Issued 1.900 shares of common stock in exchange for land with a market value of $22,000. Journal Entry Date Accounts Debit Credit Apr 14 Land 22,000 Common stock 1.900 Paid-in capital in excess of par-common 20.100 Requirement 2. Prepare the stockholders' equity section of Zealax's balance sheet at December 31, 2018. Assume the company earned net income of $34,000 during this period. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity More Info Paid-in capital: Preferred stock, S8, no-par, 250,000 shares authorized Common stock, S1 par, 800 shares issued and outstanding 350,000 shares authorized, 2.175 shares issued and outstanding 2018 Apr 6 Issued 275 shares of common stock to the promoters who organized the corporation, receiving cash of $9.350. 12 Issued 800 shares of preferred stock for cash of $29,000. 14 Issued 1,900 shares of common stock in exchange for land with a market value of $22.000 Paid-in capital in excess of par-common Total paid-in capital 60,350 34,000 Retained earnings 94,350 Print Total stockholders' equily Done