The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On

June 1, 2017 Alpha issued an additional 2,500 shares of common stock. The Common Stock

is $5 par. There was neither Preferred Stock nor any Treasury Stock, Paid in Capital

Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net

income was $124,700. Use this information to determine for December 31, 2017 the amount

of:

a. Total Stockholders Equity

b. Earnings per Share (rounded to the nearest penny)

Alpha Company purchased a $1,000, 5 years, 6% bond on July 1, 2019 for $940. Interest is paid semi-annually on June 30 and Dec ember 31. The straight line method of amortization is used for both premiums & discounts. Use this information to prepare the adjusting General Journal entry (without explanation) for the six-months ended December 31, 2019. If no entry is required then write "No Entry Required."