Keaubie, Inc. Balance Sheet May 31, 2020 Notes: Preferrer Sold 6000 shares $14 per share Common Sold 125,000 shares @ $12 per share Retaied Earnings: $250,000 Treasury Stock: 8000 shares @ $2 per share Stockholder's Equity: Paid - in Capital Preferred Stock 5%, 54 par (8000 shares authorized, 6000 issued and outstanding) $ Excess of issue price over par Paid in Capital - Preferred Common Stock $2 par (200,000 shares authorized, 125,000 issued) $ Excess of issue price over par Pald - In Capital - Common Stock Total Pald - In Capital Retained Earnings: Total Treasury Stock (8000 shares at cost) Total Stockholder's Equity $ Top Instructions: Answer each question below using your completed Stockholder's Equity Section of the Balance Sheet AND what you have learned about Corporations, Stock Transactions, and Dividends. **Type your answer in the space provided Question What are two kinds of Paid - in Capital accounts? What is the amount of total Paid-In Capital? What makes up this amount? How will the payment of cash dividends affect total equity? Be specific with your answer. How will the issuance of stock dividends affect total equity? Be specific with your answer. How many shares of stock have been sold? How many shares are outstanding? Why are they different? How many shares of Treasury Stock does the corporation have? What does this represent? How does it affect Stockholder's Equtly? 1 Answer: 2 Answer: 3 Answer: 4 Answer: 5 Answer: 6