of $20 per share. The charter of Thompson J,000. authorized. Retained earnings were $64,000 on December 31. Prepare the stockholders' equity section for Thompson on December 31, 201x. My AccountingLab Problems L01,2 (50 MIN) Set A 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: $441,000 115,000 Paid-In Capital: Preferred Stock, $98 par, authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value-Preferred Stock Common Stock. $27 par, authorized 49,000 shares, 17,000 shares issued Paid-In Capital in Excess of Par Value-Common Stock Total Paid-In Capital 459,000 Check Figure: (2) Total Paid-In Capital 52,820,4 165,000 $1,180,000 The following transactions occurred in the months of June and July: 201X June 1 Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at 548 per share. 15 Issued 7.800 shares of common stock at $42 per share. 2 Issued 1,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fait market value of $62,000 and 554.000, respectively. 744 944 --- + of $20 per share. The charter of Thompson J,000. authorized. Retained earnings were $64,000 on December 31. Prepare the stockholders' equity section for Thompson on December 31, 201x. My AccountingLab Problems L01,2 (50 MIN) Set A 18A-1. The following is the Paid-In Capital section of stockholders' equity for the Gracie Corporation on June 1, 201X: $441,000 115,000 Paid-In Capital: Preferred Stock, $98 par, authorized 23,000 shares, 4,500 shares issued Paid-In Capital in Excess of Par Value-Preferred Stock Common Stock. $27 par, authorized 49,000 shares, 17,000 shares issued Paid-In Capital in Excess of Par Value-Common Stock Total Paid-In Capital 459,000 Check Figure: (2) Total Paid-In Capital 52,820,4 165,000 $1,180,000 The following transactions occurred in the months of June and July: 201X June 1 Issued 3,200 shares of preferred stock at $104 per share. 2 Issued 7,200 shares of common stock at 548 per share. 15 Issued 7.800 shares of common stock at $42 per share. 2 Issued 1,800 shares of preferred stock at $108 per share. 18 Issued 1,900 shares of common stock in exchange for building and land with fait market value of $62,000 and 554.000, respectively. 744 944 --- +