Please help me with Requirement 5 only.

Thanks,

Psi Corporation was organized in 2017. At December 31, 2017. Psi Corporation's balance sheet reported the following stockholders' equity: (Click the icon to view the balance sheet information.) Read the Requirement 1. What does the 6 percent mean for the preferred stock? After Psi Coporation issues preferred stock, how much in annual cash dividends would it exp The 6% for the preferred stock represents the Data table After Psi Coporation issues preferred stock, how much in annual cash dividends would Psi Corporation expect to pay on 5 ,000 shares? Start by determining the formula needed to calculate the dividends on the preferred stock. x Now, using the formula you determined above, complete the sentence below. After the company lssues preferred stock, it can expect to pay 5 In annual cash dividends on 5,000 shares. Requirement 2. At what price per share did Psi Corporation issue the common stock during 2017 ? Select the formula needed and then enter the amounts to calculate the issue price per share. (Round to the nearest cent.) Requirement 3. Were the first-year operations profitable? Give your reason. as shown by the balance in Requirement 4. During 2018, the company completed the following selected transactions. Journalize each transaction. Explanations a a. Issued for cash 2,000 shares of prelerred stock at par value. Psi Corporation was organized in 2017. At December 31, 2017. Psi Corporation's balance sheet reported the following stockholders' equity: (Click the icon to view the balance sheet information.) Read the requirements. Requirement 4. During 2018, the company completed the following selected transactions. Joumalize each transaction. Explanations are not required. (Record cleblts a. Issued for cash 2,000 shares of preferred stock at par value. Data table b. Issued for cash 1,800 shares of common stock at a price of $9.00 per share. Requirement 5. Prepare the stockholders' equity section of the Psi Corporation balance sheet at December 31,2018 . Assume net inco section of the balance sheet.) Psi Corporation was organized in 2017. At December 31, 2017, Psi Corporation's balance sheet reported the following stockholders' equity: (Click the icon to view the balance sheet information.) Read the Requirement 5. Prepare the stockholders' equity section of the Psi Corporation balance sheet at December 31, 2018. Assume net income for the section of the balance sheet) Data table