The stockholders equity section of XPress Media Company for the current year follows.

8% preferred stock, $25 par value, 50,000 shares authorized;
10,080 shares issued and outstanding	$252,000
Common stock, $10 par value, 200,000 shares authorized;
60,000 shares issued and outstanding	600,000
Paid-in capital in excess of par valuepreferred stock	102,000
Paid-in capital in excess of par valuecommon stock	360,000
Retained earnings	444,000

During the year, the following transactions occurred. Jan. 10 Issued 33,600 shares of common stock for $18 cash per share. Jan. 23 Repurchased 9,600 shares of common stock at $20 cash per share. Mar. 14 Sold one-half of the treasury shares acquired January 23 for $22 cash per share. July. 15 Issued 3,120 shares of preferred stock for $153,600 cash. Nov. 15 Sold 1,200 of the treasury shares acquired January 23 for $26 cash per share. Prepare the stockholders equity section of the balance sheet assuming the company reports net income of $145,200 for the current year. Note: Do not use a negative sign with any of your answers.

b. Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of $145,200 for the current year. Note: Do not use a negative sign with any of your answers. XPRESS MEDIA COMPANY Stockholders' Equity Paid-in capital $ 330,000 8% preferred stock, $25 par value, 50,000 shares authorized; 13,200 shares issued and outstanding Common stock, $10 par value, 200,000 shares authorized; 93,600 shares issued, (3,600 shares in treasury) 936,000 $ 0 X Additional paid-in capital X Paid-in capital in excess of par value-preferred stock Paid-in capital in excess of par value-common stock Paid-in capital from treasury stock x X 0 x 0 x Total paid-in capital Retained earnings 0 x 0 x 0 x Less: Treasury stock (3,600 common shares) Total stockholders' equity $ 0 x