North Wind Aviation received its charter during Ianuary authoriting the following capital stock 7 Peeterred stockt percent, per 110, ssthorised 20,000 shares Connon stock par $1. authorized 50,000 shares. 2 points The following transactions occurred during the first year of operations in the order giver a. Issued a total of 49.000 shares of the common stock for $11 per share. b. Issued 10,000 shares of the preferred stock at $12 per share Issued 3,900 shares of the common stock at $16 per share and 1,000 shares of the preferred stock at $12 d. Net income for the first year was $57000, but no dividends were declared Hint Rohre Required: Prepare the stockholders equity section of the balance sheet at December 31 NORTH WIND AVIATION Balance sheet Partih) Al December 31 Stockholders' Equity Contributed Capital Total Contributed Capital 7-12 181 Ney North Wind Aviation received its charter during Ianuary authoriting the following capital stock 7 Peeterred stockt percent, per 110, ssthorised 20,000 shares Connon stock par $1. authorized 50,000 shares. 2 points The following transactions occurred during the first year of operations in the order giver a. Issued a total of 49.000 shares of the common stock for $11 per share. b. Issued 10,000 shares of the preferred stock at $12 per share Issued 3,900 shares of the common stock at $16 per share and 1,000 shares of the preferred stock at $12 d. Net income for the first year was $57000, but no dividends were declared Hint Rohre Required: Prepare the stockholders equity section of the balance sheet at December 31 NORTH WIND AVIATION Balance sheet Partih) Al December 31 Stockholders' Equity Contributed Capital Total Contributed Capital 7-12 181 Ney