The December 31, 2018 Balance Sheet of Company ABC is provided on the attached Excel document. Requirements Prepare the Equity section of the Balance Sheet as of December 31, 2019, December 31, 2020, and December 31, 2021. Prepare the Statement of Shareholder's Equity for the periods ending December 31, 2019, December 31, 2020, and December 31, 2021. Prepare the EPS section of the Income Statement for the periods ending December 31, 2019, December 31, 2020, and December 31, 2021. With the exception of EPS, all values should be rounded to whole dollars. Negative numbers should be shown in parentheses. Use the provided formats in the attached Excel document to present your solutions. Relevant Information 1/1/2017 1/1/2019 ABC granted executive stock options exercisable after 12/31/2019 for 75,000 common shares at an exercise price of $45 per share. The fair value of the options was $7. The options expire 12/31/2020. 1/1/2020 ABC issues 60,000 shares of the 6.5%, cumulative, non-participating preferred stock in exchange for cash at an average price of $80 per share. 4/1/2019 ABC reacquires 50,000 common shares as Treasury stock at a price of $30 per share. 11/15/2019 The Board of Directors authorizes cash dividends of $375,000 to be paid 12/30/2019. ABC granted executive stock options exercisable after 12/31/2020 for 75,000 common shares at an exercise price of $20 per share. The fair value of the options was $5. The options expire 12/31/2022.

The December 31, 2018 Balance Sheet of Company ABC is provided on the attached Excel document. Requirements - Prepare the Equity section of the Balance Sheet as of December 31,2019, December 31, 2020, and December 31,2021. - Prepare the Statement of Shareholder's Equity for the periods ending December 31, 2019, December 31, 2020, and December 31, 2021. - Prepare the EPS section of the Income Statement for the periods ending December 31, 2019, December 31, 2020, and December 31, 2021. - With the exception of EPS, all values should be rounded to whole dollars. Negative numbers should be shown in parentheses. - Use the provided formats in the attached Excel document to present your solutions. Relevant Information 1/1/2017 ABC granted executive stock options exercisable after 12/31/2019 for 75,000 common shares at an exercise price of $45 per share. The fair value of the options was $7. The options expire 12/31/2020. 1/1/2019 ABC issues 60,000 shares of the 6.5%, cumulative, non-participating preferred stock in exchange for cash at an average price of $80 per share. 4/1/2019ABC reacquires 50,000 common shares as Treasury stock at a price of $30 per share. 11/15/2019 The Board of Directors authorizes cash dividends of $375,000 to be paid 12/30/2019. 1/1/2020 ABC granted executive stock options exercisable after 12/31/2020 for 75,000 common shares at an exercise price of $20 per share, The fair value of the options was $5. The options expire 12/31/2022. 6/1/2020ABC reacquires and retires 75,000 common shares for $26 per share. 11/15/2020 The Board of Directors authorizes cash dividends of $650,000 to be paid on 12/30/2020. 12/31/2020 The options that were granted on 1/1/2017 expire. 1/1/2021 ABC issued $2,500,000 in face-value 5% convertible bonds. Each $25 bond is convertible into 1 share of common stock. The bonds remained outstanding as of 12/31/2021. 2/1/2021 The executive stock options that were granted on 1/1/2020 are all exercised. 4/1/2021 The Board of Directors authorizes a 2-for-1 stock split effected in the form of a 100\% stock dividend on common shares. The market value of the $10 par common stock at the time of the split is $26 per share. 5/1/2021ABC sells the 100,000 shares of Treasury stock for $14 per share. 12/31/2021 The Board of Directors authorizes cash dividends of $800,000