(Info)

Jan.16 Declared a cash dividend on the 6?%, 97 par noncumulative preferred stock? (1,150 shares? outstanding). Declared a $0.30 per share dividend on the 115,000

shares of $10 par value common stock outstanding. The date of record is January? 31, and the payment date is February 15.

Feb. 15 Paid the cash dividends.

Jun. 10 Split common stock? 2-for-1.

Jul. 30 Declared a 40% stock dividend on the common stock. The market value of the common stock was $9 per share.

Aug.15 Distributed the stock dividend.

Oct. 26 Purchased 1,000 shares of treasury stock at $8 per share.

Nov. 8 Sold 500 shares of treasury stock for $10

per share.

30 Sold 300 shares of treasury stock for $4 per share.

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Requirement 2. Prepare the Dearborn's ?stockholders' equity section of the balance sheet as of December? 31, 2016. Assume that Dearborn was authorized to issue 2,200

shares of preferred stock and 500,000 shares of common stock. Both preferred stock and common stock were issued at par. The ending balance of retained earnings as of December? 31, 2016?, is $1,060,000.

?(Use parentheses or a minus sign for amounts to be? subtracted.)

Dearborn Manufacturing, Co.
Balance Sheet (Partial)
December 31, 2016
	Stockholders' Equity
	Paid-In Capital:
	Total Paid-In Capital
	Total Stockholders' Equity