Kenny Co. began operations on January 1, 2014, by issuing at $15 per share one-half of the 950,000 shares of $1 par value common stock that had been authorized for sale. In addition, Kenny has 500,000 shares of $5 par value, 6% preferred shares authorized. During 2014, Kenny has $1,025,000 of net income and declared $237,500 of dividends.

During 2015, Kenny had the following transactions:

Jan. 10 Issued an additional 100,000 shares of common stock for $17 per share.

Apr. 1 Issued 150,000 shares of the preferred stock for $8 per share.

July 19 Authorized the purchase of a custom-made machine go be delivered in January 2016. Kenny restricted $295,000 of retained earnings for the purchase of the machine.

Oct. 23 Sold an additional 50,000 shares of the preferred stock for $9 per share.

Dec. 31 Reported $1,215,000 of net income and declared a dividend of $635,000 to stockhokders of record on January 15, 2016, to be paid of Febuary 1, 2016.

1. perpare the stockholders equity section of kennys balance sheet for december 31, 2014

2. prepare a statement of chnages in stockholders equity for 2015

3. prepare the stockholders equity section of kennys balance sheet for December 31, 2015