Question
Henry corp. organized on January 1, 2010. Henry Corp. has authorization for 50,000 shares of 4%, $50 preferred stock and 1,000,000 shares of $25 per
Henry corp. organized on January 1, 2010. Henry Corp. has authorization for 50,000 shares of 4%, $50 preferred stock and 1,000,000 shares of $25 per value common stock. As of December 31, 2012 it has 7,500 outstanding shares of preferred stock receiving a total of $3,975,000. Henry corp. also has 350,000 shares of common stock outstanding receiving a total of $21,875,000
Retained earnings beginning balance on December 31, 2012 was $1,350,000.
During 2013 the following transactions occurred
On January 15, 2013 Henry corp. sold 3,100 shares of preferred stock receiving a total of $205,000.
On April 15, 2013 Henry corp. sold 40,000 shares of common stock receiving a total of $4,000,000.
On October 27, 2013 Henry corp. sold 6,900 of preferred stock receiving a total of $1,035,000.
On September 26, 2013 Henry corp. sold 10,000 of common stock receiving a total of $1,500,000.
Net income for 2013 was $1,500,000
Preferred stock dividends paid on December 31, 2013.
A common stock dividend of $2.25 was paid on December 31, 2013.
Calculate the statement of stockholders equity for the year of 2013
The beginning balance of Preferred Stock is?
The beginning balance of Preferred Stock Additional Paid-in Capital is?
The beginning balance of Common Stock is?
The beginning balance of Additional Paid-in Capital Common Stock is?
The beginning balance of Total Stockholders' Equity is?
The Preferred Stock during the year is?
The Additional Paid-in Capital of Preferred Stock during the year is?
The Common Stock during the year is?
The Additional Paid-in Capital for Common Stock during the year is?
The Preferred Stock dividends paid during the year is?
The Common Stock dividends paid during the year is?
The Ending Balance of Total Stockholders' Equity is?
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