North Wind Aviation received its charter during January authorizing the following coal stock Preferred stock 8 percent. par $10, authorised 20,000 shares Commonstekt par 1. authorized 50,000 whare. The following transactions occurred during the first year of operations in the order giver a issued a total of 37,000 shares of the common stock for $18 per share. Issued 11,000 shares of the preferred stock at $19 per share Issued 2.700 shares of the common stock at $23 per share and 1100 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 (Paris At December 31 Stockholders' Equity Controuted Capital tv MacBook Pro G Search or type URL $ 4 2 3 5 6 7 8 9 0 E R Y 'S 0 S D F G H J L C V B N M 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: Total Contributed Capital Total Stockholders' Equity $ 0 2 O 16 tv i Saved Help Save & Exit Sub 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