Prepare the Stockholders Equity section of the Balance sheet given the following information:

Preferred Stock $500,000

Paid in Capital in Excess of Par P/S $10,000

Common Stock $700,000

Paid in Capital in Excess of Par C/S $200,000

Retained Earnings $400,000

Treasury Stock $40,000

Paid in Capital from Sale of Treasury Stock $5,000

The XYZ Corporation has outstanding 50,000 shares of $5 parcommon stock and 10,000 shares of cumulative $10preferred stock, $100 par. The amount available for dividends in year 1 is $70,000 and year 2 is $220,000.Calculate the total dividends and the per-share dividends declared on each class of stock for year 1 and year 2. Show all work for year 1 and year 2.

A corporation was organized on January 30, 20xx with an authorization of 20,000 shares of $3 noncumulative preferred stock, $50 par; and 100,000 shares of $10 par common stock. The following transactions were completed during the year (2 points each except where indicated): 1. Issued 30,000 shares of common stock at par for cash (1 point). 2. Issued 1,000 shares of common stock at par to an attorney in payment for organizing the corporation. 3. Issued common stock at parin exchange for land, buildings and equipment with fair market values of $50,000, $120,000 and $60,000 respectively. 4. Issued 2,000 shares of preferred stock at $52 a share for cash. 5. Purchased 10,000 shares of treasury stock at $15. 6. Sold 500 shares of treasury stock for $18. 7. Sold an additional 500 shares of treasury stock for $14.

X and Y have original investments of $100,000each in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest of 10% on original capital investment, salary allowance of 25,000 and 10,000 respectively, and the remainder divided based on the amount of original investment. How much of the net income is allocated to X and Y if net income is 92,000 for the year