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Sullivan Corporation Stockholders Equity accounts numbers for 2018 are as follows : The 2019 equity transactions are as follows- Sullivans 2019 transactions included- Question Requirement:

image text in transcribedSullivan Corporation Stockholders Equity accounts numbers for 2018 are as follows :image text in transcribed

The 2019 equity transactions are as follows-

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Sullivans 2019 transactions included-

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Question Requirement:

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At December 31, 2018, Sullivan Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). E: (Click the icon to view the data.) 2019 equity transactions were recorded as follows: Sullivan's 2019 transactions included (Click the icon to view the journal entries.) (Click the icon to view the transactions.) Read the requirement. Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted. For purposes of this exercise, ignore the outstanding shares in the statement of stockholders' equity. Enter amounts in millions, except for par value, as provided to you in the problem statement.) Balance Sheet (Partial) (Millions) Stockholders' Equity: million shares Total paid-in capital Choose from any list or enter any number in the input fields and then click Check Answer. A Data Table Common stock, $3.00 par value per share 29 million shares issued Paid-in capital in excess of par value Retained earnings Treasury stock, at cost Total stockholders' equity Print Done Credit Date 2019 Journal Entry Accounts (in millions) Cash Common Stock Paid-in Capital in Excess of Par Treasury Stock Cash Cash Treasury Stock Paid-in Capital from Treasury Stock Retained Earnings Dividends Payable Dividends Payable Cash Print Done i More Info a. Net income, $442 million b. Issuance of 4 million shares of common stock for $11.00 per share c. Purchase of 11 million shares of treasury stock for $143 million d. Sold 2 million of the treasury shares purchased in part c for $30 million e. Declaration and payment of cash dividends of $35 million Print Done i Requirement 1. Prepare the stockholders' equity section of the company's balance sheet at December 31, 2019. Print Print Done Done

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