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Please let me know how to solve those value. Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019.
Please let me know how to solve those value.
Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockholders' equity. Enter amounts in millions, except for par value, as provided to you in the problem statement.) Balance Sheet (Partial) (Millions) Stockholders' Equity Common stock, S 2 par, million shares issued Paid-in capital in excess of par-common Total paid-in capital Treasury stock Total stockholders' equity 46 58 Common stock, $2.00 par value per share, 23 million shares issued Paid-in capital in excess of par value Retained earnings Treasury stock, at cost Total stockholders' equity 285 (70) $ $ 319 i Reference - 2019 319 (in millions) Cash Common Stock Paid-in Capital in Excess of Par 44 275 130 Treasury Stock Cash 130 Cash 45 39 Treasury Stock Paid-in Capital from Treasury Stock 6 28 Retained Earnings Dividends Payable 28 28 Dividends Payable Cash 28 Print Done a. Net income, $451 million b. Issuance of 22 million shares of common stock for $14.50 per share c. Purchase of 10 million shares of treasury stock for $130 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $28 millionStep by Step Solution
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