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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, 100,150,000 shares authorized, 23,255,356 issued and outstanding at December 31, 2014; 23,443,356 issued and outstanding at December 31, 2013. b. Additional paid-in capital: $178,431,000 at the end of 2014 and $175,389,000 at the end of 2013. C. Accumulated deficit: $81,597,000 at the end of 2013. d. In 2014, net income was $55,483,000 and a cash dividend of $7,138,000 was paid. Required Prepare the stockholders' equity section of the balance sheet at December 31, 2014, using this select information. (Amounts to be deducted should be indicated with a minus sign.) JOANNE'S STEAKHOUSE Balance Sheet (Partial) At December 31 2014 2013 Shareholders' equity Total shareholders' equity
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