In which phase of the business cycle, the real GDP keeps falling? Notes: Preferrer Sold 6000 shares @ $14 per share Commor Sold 125,000 shares @ $12 per share Retaled Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Keauble, Inc. Balance Sheet May 31, 2020 Stockholder's Equity Paid - In Capital: Preferred Stock 5%, 54 par (8000 shares authorized, 6000 issued and outstanding) $ Excess of issue price over par Pald in Capital - Preferred Common Stock, $2 par (200,000 shares authorized, 125,000 Issued) Excess of issue price over par Pald - In Capital - Common Stock Total Paid - In Capital Retained Earnings: Total Treasury Stock (8000 shares at cost) Total Stockholder's Equity S Costa 1. Using the notes in the spreadsheet, complete the Stockholder's Equity Section of the Balance Sheet **The zeroes indicate where to place amounts; there are no formulas in the spreadsheet. You must calculate amounts and enter them in the cells. You may use formulas or you may simply enter the amounts