Insurance/Authsch. E BusinessCourse Return to course 0 Jan. 5 Jan. 18 Mar. 12 July 17 Oct. 1 120000 -56000 17000 6500 175000 O 07 0 o 120000 -56000 17000 6500 175000 ooooo (b) Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the company reports net income of $72,500 for the year Use a negative sign with your answer for treasury stock. Stockholders' Equity Pald-in capital 8% Preferred stock. 525 par value. 50,000 shares authorized. 5.000 shares issued and outstanding 5 125000 Common stock. 55 par value 350.000 shares authorized: 160.000 shares issued Additional paid-in capital Paid-in capital in excess of par value preferred stock Paid-in capital in excess of par value-common stock Paid-in capital from treasury stock Total pald-in capital Retained earnings Less: Treasury stock (2.500 shares) at cost (use a negative sign with your answer) Total Stockholders' Equity Check Partially correct Marks for this submission: 3.94/5.00. Save Answers 1949 e w Yeragan Insurance/Authsch. E BusinessCourse Return to course 0 Jan. 5 Jan. 18 Mar. 12 July 17 Oct. 1 120000 -56000 17000 6500 175000 O 07 0 o 120000 -56000 17000 6500 175000 ooooo (b) Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the company reports net income of $72,500 for the year Use a negative sign with your answer for treasury stock. Stockholders' Equity Pald-in capital 8% Preferred stock. 525 par value. 50,000 shares authorized. 5.000 shares issued and outstanding 5 125000 Common stock. 55 par value 350.000 shares authorized: 160.000 shares issued Additional paid-in capital Paid-in capital in excess of par value preferred stock Paid-in capital in excess of par value-common stock Paid-in capital from treasury stock Total pald-in capital Retained earnings Less: Treasury stock (2.500 shares) at cost (use a negative sign with your answer) Total Stockholders' Equity Check Partially correct Marks for this submission: 3.94/5.00. Save Answers 1949 e w Yeragan