Jackson Corp. has the following stockholders' equity information Click the loon to view the stockholders' equity Information.) Requirement 1. Prepare the stockholders' equity section of Jackson Corp.'s balance sheet at December 31, 2018 Show the computation of all amounts. Journal entries are not required Begin by identifying the formula needed and then entering the amounts to calculate the preferred stock balance. Preferred stock X Next, show the computation of the retained earings balance. Select the formula labels needed and then enter the amounts to calculate ending Retained Earings End Retained Earnings Now, prepare the stockholders' equity section of the balance sheet (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Jackson Corp, has the following stockholders' equity information: (Click the icon to view the stockholders' equity information.) Requirement 1. Prepare the stockholders' equity section of Jackson Corp.'s balance sheet at December 31, 2018 Show the computation of all amounts. Jou Now, prepare the stockholders' equity section of the balance sheet (Enter the accounts in the proper order for the stockholders' equity section of th Jackson Corp. Balance Sheet (partial) December 31, 2018 Stockholders' Equity: % par shares shares shares shares Total paid-in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. sheet at December 31, 2018. Show the computation of all amounts. Journal entries are not require i More Info - - X ti Jackson's charter authorizes the company to issue 12,000 shares of 3% preferred stock with par value of $130 and 500,000 shares of no-par common stock. The company issued 2,400 shares of the preferred stock at $130 per share. It issued 100,000 shares of the common stock for a total of $516,000. The company's retained earnings balance at the beginning of 2018 was $77,000, and net income for the year was $98,000. During 2018, Jackson declared the specified dividend on preferred and a $0.25 per-share dividend on common. Preferred dividends for 2017 were in arrears. Print Done
