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Slight overlap in the screen shots to show where the work was/is. Please help me figure out proper Retained Earnings, PIC+RE, and SHE please I
Slight overlap in the screen shots to show where the work was/is. Please help me figure out proper Retained Earnings, PIC+RE, and SHE please I am really stuck here.
Coronado Company has two classes of capital stock outstanding: 7%,$20 par preferred and $5 par common. At December 31,2025 , the following accounts were included in stockholders' equity. The following transactions affected stockholders' equity during 2026. Jan. 132,900 shares of preferred stock issued at $23 per share. Feb. 152,500 shares of common stock issued at $18 per share. June 12-for-1 stock split (par value reduced to $2.50 ). The following transactions affected stockholders' equity during 2026. Jan. 132,900 shares of preferred stock issued at $23 per share. Feb. 152,500 shares of common stock issued at $18 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 128,700 shares of common treasury stock purchased at $10 per share. Coronado uses the cost method. Sept. 159,900 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 50/ per share is declared. Dec. 31 Net income is $2,076,000. Prepare the stockholders' equity section for Coronado Company at December 31, 2026. (Enter account name only and do not provide descriptive information.) CORONADO COMPANY Stockholders' Equity December 31, 2026 Capital Stock Dreferred Stock $3746000 Jommon Stock 10122500 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Preferred Stock $296700 Paid-in Capital in Excess of Par - Common Stock 27705500 Paid-in Capital in Excess of Par - Common Stock 27705500 Paid-in Capital from Treasury Stock 19800 2802200041890500 Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Coronado Company has two classes of capital stock outstanding: 7%,$20 par preferred and $5 par common. At December 31,2025 , the following accounts were included in stockholders' equity. The following transactions affected stockholders' equity during 2026. Jan. 132,900 shares of preferred stock issued at $23 per share. Feb. 152,500 shares of common stock issued at $18 per share. June 12-for-1 stock split (par value reduced to $2.50 ). The following transactions affected stockholders' equity during 2026. Jan. 132,900 shares of preferred stock issued at $23 per share. Feb. 152,500 shares of common stock issued at $18 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 128,700 shares of common treasury stock purchased at $10 per share. Coronado uses the cost method. Sept. 159,900 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 50/ per share is declared. Dec. 31 Net income is $2,076,000. Prepare the stockholders' equity section for Coronado Company at December 31, 2026. (Enter account name only and do not provide descriptive information.) CORONADO COMPANY Stockholders' Equity December 31, 2026 Capital Stock Dreferred Stock $3746000 Jommon Stock 10122500 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Preferred Stock $296700 Paid-in Capital in Excess of Par - Common Stock 27705500 Paid-in Capital in Excess of Par - Common Stock 27705500 Paid-in Capital from Treasury Stock 19800 2802200041890500 Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury StockStep by Step Solution
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