part C?

Account Titles and Explanation - / 14 = ill Feb 2 Land Debit Credit Preferred Stock 126000 Paid-in Capital in Excess of Par-Preferred Stock 95000 Mar. 1 Cash 31000 8450d Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock July 1 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Sept. 1 V Patents Preferred Stock Swifty Corporation is authorized to issue 24,000 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2022, the ledger contained the following stockholders' equity balances $575,000 74,500 Preferred Stock (11,500 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (69,500 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 347,500 670,000 350,000 During 2022, the following transactions occurred. Feb. 1 Mar. 1 July 1 Issued 1,900 shares of preferred stock for land having a fair value of $126,000 Issued 1,300 shares of preferred stock for cash at $65 per share. Issued 17.000 shares of common stock for cash at $7 per share. Issued 350 shares of preferred stock for a patent. The asking price of the patent was $29.500. Market price for the preferred stock was $72 and the fair value for the patent was indeterminable. Issued 8,000 shares of common stock for cash at $7.50 per share. Net income for the year was $263,000. No dividends were declared. Sept. 1 Dec 1 Dec. 31 Question 2 of 24 > /14 ill Common Stock Paid Captain Excess of Par Common Stock Sept 1 Potents Preferred to Paldin Capital Excess of ParPreferred Stock Dec Ca Common Stock Pain Catalin of Par Common Stock Dec. Income Summary Rendamine eTextbook and Media MacBook Pro For the Year Ended December 31, 2022 Pald-in Capital Capital Stock 752500 472500 13700d Total Paid-in Capital MacBook Pro Account Titles and Explanation - / 14 = ill Feb 2 Land Debit Credit Preferred Stock 126000 Paid-in Capital in Excess of Par-Preferred Stock 95000 Mar. 1 Cash 31000 8450d Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock July 1 Cash Common Stock Paid-in Capital in Excess of Par-Common Stock Sept. 1 V Patents Preferred Stock Swifty Corporation is authorized to issue 24,000 shares of $50 par value, 10% preferred stock and 130,000 shares of $5 par value common stock. On January 1, 2022, the ledger contained the following stockholders' equity balances $575,000 74,500 Preferred Stock (11,500 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (69,500 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 347,500 670,000 350,000 During 2022, the following transactions occurred. Feb. 1 Mar. 1 July 1 Issued 1,900 shares of preferred stock for land having a fair value of $126,000 Issued 1,300 shares of preferred stock for cash at $65 per share. Issued 17.000 shares of common stock for cash at $7 per share. Issued 350 shares of preferred stock for a patent. The asking price of the patent was $29.500. Market price for the preferred stock was $72 and the fair value for the patent was indeterminable. Issued 8,000 shares of common stock for cash at $7.50 per share. Net income for the year was $263,000. No dividends were declared. Sept. 1 Dec 1 Dec. 31 Question 2 of 24 > /14 ill Common Stock Paid Captain Excess of Par Common Stock Sept 1 Potents Preferred to Paldin Capital Excess of ParPreferred Stock Dec Ca Common Stock Pain Catalin of Par Common Stock Dec. Income Summary Rendamine eTextbook and Media MacBook Pro For the Year Ended December 31, 2022 Pald-in Capital Capital Stock 752500 472500 13700d Total Paid-in Capital MacBook Pro