North Wind Aviation received its charter during January authorizing the following capital stock Preferred stock & percent, par $10, authorized 20,000 shares. Comon stock: par $1. authorized 50,000 shares The following transactions occurred during the first year of operations in the order giver: a. Issued a total of 37000 shares of the common stock for $18 per share. b. Issued 11,000 shares of the preferred stock at $19 per share. c. Issued 2700 shares of the common stock at $23 per share and 1,100 shares of the preferred stock at $19 d. Net Income for the first year was $45,000, but no dividends were declared Required: Prepare the stockholders' equity section of the balance sheet at December 31 NORTH WIND AVIATION Balance Sheet (Partial) At December 31 Stockholders' Equity Contributed Capital 16 tv A c G Search or type URL W* $ 4 % 5 & 7 6 8 2 9 W E R T Y Y U D H G F S J Conn. Ion Tuscaloosa RioLearn Netflix M Inbox - sheree@b... Fashion Fundame... Login - CAS-Cen Home - Canva More... M Gmail Homework 6 Saved Help Save & Exit Submit Last year, Rec Room Sports reported earnings per share of $9.00 when its stock price was $270.00. This year, its earnings increased by 25 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.) Price of the stock 57:55 int