Instructor-created question Question Help The stockholders' equity section of VAN Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) During 2017, the company had the following: (a) Purchased 45,000 shares of its common stock for $540,000. (b) Sold 22,000 shares of the treasury stock for $30 per share, (c) Sold 11,000 shares of the treasury stock for $24 per share. Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of $10,000,000 and paid a dividend of $2.15 per share at year end. Stockholders' Equity Balance Total Contributed Capital Total Total Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer Homework: Graded MAL HW #10 [Ch 13] Spr 2020 Save Score: 0 of 17 pts 14 of 18 (9 complete) HW Score: 48.27%, 81.58 of 169 pts Instructor-created question Question Help The stockholders' equity section of VAN Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) During 2017, the company had the following: (a) Purchased 45,000 shares of its common stock for $540,000. (b) Sold 22,000 shares of the treasury stock for $30 per share. (c) Sold 11,000 shares of the treasury stock for $24 per share Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of $10,000,000 and paid a dividend of $2.15 per share at year end. Stockholders' Equity Balance 0 Data Table Total Contributed Capi Total Common Stock - $3 par (3,000,000 shares authorized, 1,500,000 shares issued and outstanding) 4,500,000 Additional paid-in capital in excess of par-common 8,200,000 26,100,000 Retained earnings $ 38,800,000 Total Stockholders' Equity Total Stockholders' Equity Print Done Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check