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value: 1.00 points 5. Goldman Inc. was organized on June 1, 2014. It was authorized to issue 350,000 shares of $11 par common stock and
value: 1.00 points 5. Goldman Inc. was organized on June 1, 2014. It was authorized to issue 350,000 shares of $11 par common stock and 45,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to Goldman Inc. 1. Issued 17,000 shares of common stock for $15 per share. 2. Issued 12,000 shares of the class A preferred stock for $27 per share. 3. Issued 59,000 shares of common stock for $19 per share. Required Prepare the stockholders' equity section of the balance sheet immediately after these transactions have been recognized. GOLDMAN INC Balance Sheet (Partial) As of December 31, 2014 Stockholders' equity Preferred stock Common stock Paid-in capital in excess of stated value, preferred stock Paid-in capital in excess of par, common stock Retained earnings Total stockholders' equity
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