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the blanks on the first pictures is what i need During 2017, the company had the following: (a) Purchased 60,000 shares of its common stock
the blanks on the first pictures is what i need
During 2017, the company had the following: (a) Purchased 60,000 shares of its common stock for $600,000. (b) Sold 8,000 shares of the treasury stock for $50 per share. (c) Sold 37,000 shares of the treasury stock for $32 per share. Requirement: Prepare the stockholders' equity section of the company's balance sheet on December 31, 2017, assuming that the company had net income of $30,000,000 and paid a dividend of $2.15 per share at year end. Stockholders' Equity Balance Balance 2,500,000 shares authorized, Stockholders' Equity Common Stock, $5 par value, | 1310000 shares issued. Additional Paid-in Capital in Excess of Par - Common Additional Paid-in Capital from Treasury Stock Transactions Total Contributed Capital Retained Earnings Total Less: Cost of Treasury Stock shares issued and outstanding | Total Stockholders' Equity The stockholders' equity section of VAN Corporation's balance sheet on December 31, 2016, was as follows: (Click the icon to view the balance sheet.) (C) Sold 37,000 shares of the treasury stock for $32 per snare. Requirement: Prepare the stockholders' equ per share at year end. Data Table Common Stock - $5 par (2,500,000 shares authorized, 1,250,000 shares issued $ Stockholders' Equity Common Stock, $5 par value, | 1310000 shares issued. Additional Paid-in Capital in Excess of Par - Additional Paid-in Capital from Treasury Stod Total Contributed Capital and outstanding) Additional paid-in capital in excess of par - common 6,250,000 7,200,000 25,500,000 38,950,000 Retained earnings $ Total Stockholders' EquityStep by Step Solution
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