Prepare the following:

Jan 4

Dividends; Preferred ______________

Dividends;Common ______________

Cash ________________

Jan 5

Cash _______________

Preferred Stock;$100 Par ______________

Additional Paid in Cap;Pref ______________

Jan 22

Cash _______________

Common Stock;$5 Par ________________

Additional Paid in Cap;Common ________________

April 2

Cash _____________

Treasury Stock ______________

Additional Paid in Cap;Treasury Stock ______________

May 14

REtained Earnings _____________

Common Stock to Dist _______________

Additional Paid in Cap;Stock Dividend _______________

June 4

Retained Earnings ______________

Dividends Payable:Preffered ________________

June 29

Common Stock to Dist _______________

Common Stock;$5 Par ________________

July 5

Dividends Payable;Preferred _______________

Cash _________________

July 20

Memo Entry ______________

Memo Entry __________________

August 3

Declare Dividend

Loss on Disposible Invest _______________

Unreal.decrease in Value Avail for sale Sec ________________

Allow. for change in value of invest. ________________

Dividend Payable (Aug 3)

Retained Earnings __________________

Property Dividend Payable _________________

Sept 14

Property Dividend Payable _________________

Allow for change in value of invest _________________

Investment in Drot Co. Stocks _______________

Dec 3

Retained Earnings __________________

Dividends Payable;Preferred _________________

Dividends Payable;Common __________________

PART II

2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).

Contributed Capital

Preferred Stock (6%,$100 Par) $_________________

Additional Paid in Capital on Pref Stock _________________ $________________

Common Stock ($2.50 Par) $________________

Additional Paid in Cap. on Common Stock _________________ $________________

Additional Paid in Cap on Treasury Stock ________________

Additional Paid in Cap from Stock Dividend ________________

TOTAL CONTRIBUTED CAPITAL $_______________

REtained Earnings _______________

Accumulated other comprehensive income (loss)

Unrealized Decrease in value of avail for sale securities ________________

Total Contrib. Capital,retained earnings, and accum other compreh. income $_______________

(less) Treasury Stock _______________

Total Shareholder's Equity $______________