QUESTION 1 Incomplete answer Marked out of 114.00 Fleg question Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders equity accounts of Windham Corporation at January 1 appear below Percent preferred srock, $25 par value. 50.000 shares authoriced 5800 shares issued end outstanding $170000 Comman stock, 510 par value, 200,000 shares authorized; 50000 shares issued and outstancins Paid-in capital in excess of par value-Preferred stock Peid-in capital in excess of per vale-Commen stock Rotained aarning: 500,000 68.000 200.000 270.000 During the year, the following transections occurred an 10 tsued 35,000 zhares of comman stock for $17 cash per share. 23 Purchased 10,000 shares of common stock as treasury stock at $19 pernare. Mar. 14 old one-half of the treasury shares acquired Januery 23 for S21 per share. uly 15 ued 3500 shares of preferred stock in exchange for equipment with a fair market value of $128,000 Nov. 15 Sold 2.000 of the treasury shares acquired January 23 for 524 par share Dec. 31 Closed the net income of $59 O00 to the Retained Earnings account. a. Setup T-accounts for the stockholders equity accounts as of the beginning of the year and enter the January 1 balances HINT: Complete part b. below prior to entering T-account data. Cash Preferred Stock an.10 JUL15 Mar.14 Bal. Nov.15 Common Stock Bal. Bag. Jan.10 Paid-in-Capital in Excess of Par Value Preferred Stock Beg. Jul.15 Bal Bal Paid-in-Capital in Excess of Par Value Common Stock Beg. an.10 Bal. from Treasury Stock Treasury Stock Jan 23 Mar.14 Nov.15 Mar.14 Nov.15 Bel. Bal. Retained Earnings Dec.31