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PLEASE HELP The Golden Mushroom has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity
PLEASE HELP The Golden Mushroom has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issues 100 , eee shares of compon stock for $28 per share. February 6 Issues 2 , 3ae shares of 85 preferred stock for per share. Septeaber 10 Purchases 10 , eea shares of its own connon stock for $33 per share. Decenber 15 Resells 5 , eee shares of treasury stock at $38 per share. In its first year of operabons, The Golden Mushroom has net income of $153,000 and pays dividends at the end of the yoar of $95,000 (\$1 per share) on alt common shares outstanding and $1,840 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for The Golden Mushroom as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)
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