QUESTION 1 Chapter 12 Andrew Company The following account balances appear on the books of the company as of December 31st. 60,000 15,000 Additional Paid in Capital--Common Stock Additional Paid in Capital--Preferred Stock Common Stock, $5 par value, 50,000 shares authorized 12,000 issued Dividends--Common Stock Dividends--Preferred Stock Preferred Stock, $100 par value, 8%, 20,000 shares authorized 1000 shares issued Retained Earnings, January 1st Treasury Stock, 500 shares, common stock Net Income 60,000 6,000 8,000 100,000 150,000 11,000 40,000 Required: 1. Prepare a Statement of Retained Earnings in good form. 2. Prepare the Stockholders' Equity Section of the Balance Sheet in good form. Each word is one point--Use all the words in the description For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)