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PLEASE HELP ASAP Prepare the stockholders' equity section of Sheridan's balance sheet at December 31, 2025. (Enter occount name only and do not provide descriptive
PLEASE HELP ASAP
Prepare the stockholders' equity section of Sheridan's balance sheet at December 31, 2025. (Enter occount name only and do not provide descriptive information.) uestion 1 of 1 10/20 Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earning: Total Stockholders' Equity Assistance Used eTextbook and Media eTextbook 1 eTextbook 2 eTextbook 3 On December 31,2024, Sheridan Company had 1,310,000 shares of $5 par common stock issued and outstanding. At December 31 , 2024, stockholders' equity had the amounts listed here. Transactions during 2025 and other information related to stockholders' equity accounts were as follows. 1. On January 10 , issued at $109 per share 114,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8 , reacquired 16,900 shares of its common stock for $11 per share: 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10 , to stockholders of record on May 31. 4. On June 8,declared a cash dividend of $1.20 per share on the common stock outstanding, payable on July 10 to stockholders of record on July 1. 5. Net income for 2025 was $3,687,000 Step by Step Solution
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