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Joanne's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad
Joanne's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality USDA prime steaks and other premium offerings. Select information from the company's annual report is shown below:
a. Common stock, $0.01 par value, 100,090,000 shares authorized, 23,305,356 issued and outstanding at December 31, 2014; 23,483,356 issued and outstanding at December 31, 2013. b. Additional paid-in capital: $175,431,000 at the end of 2014 and $176,389,000 at the end of 2013. c. Accumulated deficit $80,897,000 at the end of 2013. d. In 2014, net income was $54,283,000 and a cash dividend of $7,138,000 was paid. Required: Prepare the stockholders' equity section of the balance sheet atDecember 31, 2014, using this select information. (Amounts to be deducted should be indicated with a minus sign.) HOUSE Accounts payable artial) Accumlated deficit Additional paid-in capital 2014 2013 Available for sale securities Bonds payable Total shareholders' equity
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