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SHOW ALL WORK PLEASE I WILL UPVOTE Whispering Company has two classes of capital stock outstanding: 8%,$20 par preferred and $5 par common. At December
SHOW ALL WORK PLEASE I WILL UPVOTE
Whispering Company has two classes of capital stock outstanding: 8%,$20 par preferred and $5 par common. At December 31,2020 , the following accounts were included in stockholders' equity. The following transactions affected stockholders' equity during 2021. Jan. 132,500 shares of preferred stock issued at $24 per share. Feb. 146,400 shares of common stock issued at $21 per share. June 12-for-1 stock split (par value reduced to $2.50 ). July 128,300 shares of common treasury stock purchased at $10 per share. Whispering uses the cost method. Sept. 159,700 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 484 per share is declared. Dec. 31 Net income is $2,070,000. WHISPERING COMPANY Stockholders' Equity Deeanber 34. 2021 Gaphai5teck: Praferas Stock 5 Gomiman 5tock Total Cacitai Stack AddItchal paidin Caphal Paid-in Caokealin Enceas ef Par-Praforad Stock: 5 151000 Pald-in Capital in Excess of Far- Conmon 5 bock 77452000 Pald-in Eaploel fram Thesiary Stock Total Pald-in Capltai Fitalned Earnluie Tatal Pals-in Cacital and Rutalnas Earping Leas Y TruazyStokk Total Stscetholdars EgultyStep by Step Solution
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