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The Golden Mushroom has two classes of stock authorized 8x. $10 par preferred. and $1 par volue common. The following transactions affect stockholders' equity during
The Golden Mushroom has two classes of stock authorized 8x. \$10 par preferred. and $1 par volue common. The following transactions affect stockholders' equity during 2024, its first year of operdutions January 2 Issues 200,000 steres of comnan stack for $23 per shareFebruary 6: Issues 2,30e shares of 8x preferred stock for st? per 3hare. Septenber 10 Purchases 10,6e9 shares of ths own coman stoek for 23 ped bhare. December: 15 Alesel1s 5 , 00e shares of treasury stock at $38 per fhace. In its first year of operations. The Golden Mushroom has net income. of 5159.000 and pays dividends at the emd of the year of 595.000 (\$1 per share) on all comion shares outstanding and $1.840 on al preferred stiares outstanding. Required: Prepare the stockholders' eculty section of the balance sheet for I he Golder Moshroom as of Decender 31. 2024. (Amounts to be deducted should be indicated by o minus sign.) The Golden Mushroom has two classes of stock authorized 8x. \$10 par preferred. and $1 par volue common. The following transactions affect stockholders' equity during 2024, its first year of operdutions January 2 Issues 200,000 steres of comnan stack for $23 per shareFebruary 6: Issues 2,30e shares of 8x preferred stock for st? per 3hare. Septenber 10 Purchases 10,6e9 shares of ths own coman stoek for 23 ped bhare. December: 15 Alesel1s 5 , 00e shares of treasury stock at $38 per fhace. In its first year of operations. The Golden Mushroom has net income. of 5159.000 and pays dividends at the emd of the year of 595.000 (\$1 per share) on all comion shares outstanding and $1.840 on al preferred stiares outstanding. Required: Prepare the stockholders' eculty section of the balance sheet for I he Golder Moshroom as of Decender 31. 2024. (Amounts to be deducted should be indicated by o minus sign.)
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