Tribal Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $410,000 of net income and the following selected transactions occurred in the order given:

a. Issued 110,000 shares of the common stock at $56 cash per share.

b. Reacquired 26,000 shares at $51 cash per share.

c. Reissued 10,500 shares from treasury for $52 per share.

d. Reissued 10,500 shares from treasury for $50 per share.

1) Prepare the stockholders equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) (What I have so far!)

Tribal Marine

Balance Sheet (partial, fill in blanks)

At December 31

Stockholder's Equity Contributed Capital:

Total Contributed Capital:

Total:

Total Stockholder's Equity: