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please help and show work probelm 15-3 CACLAIORE PHINER V Problem 15-3 Grouper Company has two classes of capital stock outstanding: 7%, $20 par preferred
please help and show work probelm 15-3 CACLAIORE PHINER V Problem 15-3 Grouper Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders equity Preferred Stock, 154,400 shares $3,088,000 Common Stock, 1,972,000 shares 9,060,000 Paid-in Capital in Excess of Par-Preferred Stock 198,000 Paid-in Capital in Excess of Par-Common Stock 27,023,000 Retainad Earnings 4,529,000 The following transactions affected stockholders equity during 2018. 32.900 shares of preferred stock issued at $23 per share Jan. 1 52.500 shares of common stock issued at $18 per share. Feb. 1 2-for-1 stock split (par value reduced to $2.50). June 1 July 1 28.700 shares of common treasury stock purchased at $10 per share Grouger uses the cost method 9.900 shares of treasury stock reissued at $12 per share. Sept. 15 The preferred dividend is declared, and a common dividend of 504 per share is declared Net income is $2,076,000. Dec. 31 Dec. 31 Prepare the stockholders equity section for Grouper Company at December 31, 2010. (Enter account name only and do not provide descriptive information.) GROUPER OOMPANY Stockholders Equity December 31, 2018 Capital Stock Preferred Stock Common Stock Total Paid-in Capital Addtenal Paid-in Capital Paid-in Capital in Excess of Par Preferred Stock Paid in Caotal in Excess ofPar Common Stock Capicar stUCK Preferred Stock Common Stock Total Paid-in Capital Additional Paid-in Capital Paid-in Capital in Excess of Par Preferred Stock $ Paid-in Capital in Excess of Par Common Stock Paid-in Capital from Treasury Stock Total Paid-in Capital and Retained Earnings Retained Earnings Total Paid-in Capital and Retained Earnings Less Common Stock Dividend Distributable Total Stockholders' Equity SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEEXT
please help and show work probelm 15-3
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