VI. Stockholders' Equity Section of the Balance Sheet

Story: On January 1, Roger Company issued 100,000 shares of its $5.00 par common stock. Additionally, the company issued 10,000 shares of $50 par preferred stock. In its first year, the company made net income of $60,000 and paid dividends (common + preferred) in cash of $20,000. Show how the stockholders' equity statement would appear on the 12/31 balance sheet.

Stockholders' Equity	Balances
Preferred Stock	$
Common Stock	$
Total Paid in Capital	$
Retained Earnings	$
Total Stockholders' Equity	$