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On December 31, 2020, the stockholders' equity section of Sheridan Company was follows: Common stock par value $10; authorized 40000 Shares issued and outstanding 12000

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On December 31, 2020, the stockholders' equity section of Sheridan Company was follows: Common stock par value $10; authorized 40000 Shares issued and outstanding 12000 shares Additional paid in capital Retained earnings Total stockholders' equity $ 120000 111000 On March 31, 2021, Sheridan dedared 10 stock dividend, and accordingly 100 were issued when the sustained a net loss of $40200. The balance of Sheridan's retained wings of March 31, 2021, should be value the the per har for the three months and March 31, 2021. Shanidan 511100 5134200 5143800 5122200

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