Requirement 2. Prepare the stockholders' equity section of the KVIP - TV balance sheet at September 30, 2024, assuming KVIP TV, Inc. had net income of $40,000 for the month. - X More info Sep. 6 KVIP-TV, Inc. Balance Sheet (Partial) September 30, 2024 Stockholders' Equity Paid-In Capital: Preferred Stock-$2, No-Par Value; 100,000 shares authorized, 450 shares issued and outstanding Common Stock-$1 Par Value; 500,000 shares authorized, 2,325 shares issued and outstanding Paid-In Capital in Excess of ParCommon Sep. 12 Issued 525 shares of common stock to the promoters who organized the corporation, receiving cash of $15,750. Issued 450 shares of preferred stock for cash of $27,000. Issued 1,800 shares of common stock in exchange for land with a market value of $24,000. 27000 Sep. 14 2325 Assume KVIP - TV, Inc. had net income of $40,000 for the month. Total Paid-In Capital Retained Earnings Print Done Total Stockholders' Equity