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Moore Company had the following transactions during 2021, its first year in business: January 2 Issued 44,000 shares of $15 par common stock for
Moore Company had the following transactions during 2021, its first year in business: January 2 Issued 44,000 shares of $15 par common stock for $44 per share. Issued 1,000 shares of $35 par preferred stock for $47 per share. Purchased 1,650 shares of treasury stock for $45 per share. April 3 October 6 December 9 Reissued 290 shares of treasury stock for $58 per share. In addition, Moore Company had $116,000 of net income for the year and, during the year, declared and distributed a cash dividend of $18,100. Required: Prepare the stockholders' equity section of the December 31, 2021, balance sheet. Note: In the final answer, use "Additional Paid-in Capital" to combine all the additional Paid-In Capital accounts. Moore Company Stockholders' Equity December 31 $ 35,000 Preferred Stock Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Total Stockholders' Equity $660,000 $ 0 695,000
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