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The company has two classes of stock authorized: 550.00 par preferred and $0.10 par value common. As of the beginning of 20XC,5,000 shares of preferred
The company has two classes of stock authorized: 550.00 par preferred and $0.10 par value common. As of the beginning of 20XC,5,000 shares of preferred stock and 250,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \begin{tabular}{l} Proforred \\ Slack \end{tabular} & \begin{tabular}{c} Cemmen \\ Staxk \\ \end{tabular} & \begin{tabular}{l} Mosinsnal \\ Puidin \\ Capital \\ \end{tabular} & \begin{tabular}{l} Retainas \\ Farming \end{tabular} & \begin{tabular}{c} Treanury \\ Steck \end{tabular} & \\ \hline & ses2000 & & & 51.000000 & sio & 54,750,000 \\ \hline \multicolumn{7}{|l|}{ lsannce of stock } \\ \hline \multicolumn{7}{|l|}{ Nat iscome for the yeur } \\ \hline \multicolumn{7}{|l|}{ Less: Disuleals } \\ \hline \multicolumn{7}{|l|}{ Rurchane of Tresiury } \\ \hline \multicolumn{7}{|l|}{ Sale of Treauns } \\ \hline Finting bulance 20XC & & & & & & \\ \hline \end{tabular} Then answer the following questions: 6. $ When the shares were issued on March 1, how much did additional paid in capital increase? 7. s On June 1ut when the dividend was declared, how much did retained earning decrease? 8. S On August 1A when the shares were repurchased, how much did stockholders' equity decrease? 9. $ On August 1t when the shares were repurchased, how much did net income decrease? 10. s On October 1tt when the shares were reissued, how much did additional paid in capital change (if decrease put " ". in front of the number)? 11. S Compute ending retained earnings on December 31t4. 12. $ Compute ending stockholders equity on December 31st
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