Presentation of Stockhoiders' Equity

Yeager Corporation a newly organized corporation, engaged in the following stockholders' equity activities:

a$.$ Secured approval for a corporate charter that authorizes Yeager to sell $500,000,$$$10$ par common shares and $40,000,$$$100$ par preferred shares.

b$.$ Sold $60,000$ of the common shares for $$16$ per share,

c$.$ Sold $2,000$ of the preferred shares for $$102$ per share.

d$.$ Repurchased $550$ shares of the common stock at a cost of $$11$ per share.

e$.$ Earned net income of $$31,300.$

f$.$ Paid dividends of $$6,000.$

Required:

Prepare the stockholders' equity portion of Yeager's balance sheet after accounting for these activities.

Yeager Corporation

Balance Sheet $($Partial$)$

Decentier $31,20$XX

Stockholders' Equity:

Geck Mr Work