Requirement 2. Prepare the stockholders' equity section of Zeffer's balance sheet at December 31, 2018. Assume the company earned net income of $25,000 during this period. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: The charter for Zeffer, Inc., authorizes the company to issue 900,000 shares of $9, no-par preferred stock and 1,800,000 shares of common stock with $3 par value. During its start-up phase, Zeffer, Inc. completed the following transactions: i (Click on the icon to view the transactions) Read the requirements. Paid-in capital in excess of par-common 16,600 Requirement 2. Prepare the stockholders' equity sectio stockholders' equity section of the balance sheet.) A More Info - X Jod. (Enter the accounts in the proper order for the Stockhol Paid-in capital: 2018 Apr 6 Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $10,200. 12 Issued 400 shares of preferred stock for cash of $27,000 14 Issued 1,800 shares of common stock in exchange for land with a market value of $22,000. Requirement 2. Prepare the stockholders' equity section of Zeffer's balance sheet at December 31, 2018. Assume the company earned net income of $25,000 during this period. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Common stock, $3 par, Paid-in capital in excess of par-common Preferred stock, $9, no-par, Retained earnings Total paid-in capital Total stockholders' equity