Requirement 2. Prepare the stockholders' equity section of the Red Maple balance sheet as of April 30, 2018, for the transactions given in this exercise. Retained Earnings has a balance of $80,000 at April 30, 2018 More Info Red Maple Corporation Balance Sheet (Partial) April 30, 2018 Stockholders' Equity Paid-In Capital: Mar. Apr. 23 Issued 260 shares of $2 par value common stock for cash of $18 per share. 12 Received inventory with a market value of $26,000 and equipment with a market value of $18,000 for 300 shares of the $2 par value common stock. 17 Issued 1,000 shares of 5%, $50 par value preferred stock for $50 per share. Common Stock-$2 Par Value: 50000 Paid-In Capital in Excess of Par-Common Retained Earnings Print Done Total Paid-In Capital Total Stockholders' Equity