s. with the account balances below, prepare the stockholders' equity section of the s0 balance sheet. The corporation has 20,000 shares authorized and 4,000 shares have been reacquired Common Stock, $15 par Retained Earnings Treasury Stock Paid-In Capital in Excess of Par 150,000 850,400 84,000 195,750 Prepare the stockholders' equity section of the balance sheet using the account balances below. The corporation has 100,000 shares authorized and 15,000 shareshave been reacquired 6. Common Stock, $5 par Retained Earnings Treasury Stock Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock $375,000 5,975,000 112,500 1,290,000 47,500 Unit 14 Stockholder Equity, Earnings & Dividends Classwork Handout 2 1. Antique Buggy Corporation has 820,000 shares of $3s par common stock outstanding. On June 8, Antique Buggy Corporation declared a 5% stock dividend to be issued August 12 to stockholders of record on July 13. The market price of the stock was $63 per share on June 8. Journalize the entries required on June 8, July 13, and August 12. 2. Snacksters Corp. had 40,000 shares of common stock outstanding with a $6 par on August 24, 2015. The next day, the board of directors announced a 3-for-1 stock split. Determine how many stocks will be outstanding after the stock split and the par value of each share. Tortoise Cleaning Corporation had 90,000 shares of common stock outstanding on June 1, 2015, with each share having a $20 par value. The corporation announced a 4-for-1 3. stock split on this date. Prior to the split, Jen Vester held 2,000 shares of the corpora ration's common stock. Determine the total number of shares outstanding andthe par value of each share after the stock split. Will Jen have a change in ownership after the split? Calculate Burns' Alley's earnings per share for 2015 and 2016 using the information given. For both years, the company had no preferred stock outstanding. Round answers 4. to the nearest cent and determine if the change is favorable or unfavorable. 2016 2015 Net income Average number of common shares outstanding $10,800,000 $9,250,750 120,800 123,500 Calculate Apple Tree Corp.'s earnings per share for 2015 and 2016, rounding to the nearest cent. Determine if the company became more profitable or less profitable in 2016 5. 2016 2015 Net income Preferred dividends Average number of common shares outstanding $11,750,000 $8,950,000 $600,500 $220,100 225,300 240,600