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.ll Verizon 2090 D 4:46 PM a chegg.com Post a question E Chapter 11, Problem 8 Enber queo Ruth's Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total Continue to post company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality USDA prime steaks and other premium offerings. Select information from the company's annual report is shown below: a. Common stock, $0.01 par value, 100,000,000 shares authorized, 34,333,858 issued and outstanding at December 31, 2014; 34,990,170 issued and outstanding at December 31, 2013 b. Additional paid-in capital: $155,455,000 at the end of 2014 and $169,107,000 at the end of 2013. c. Accumulated deficit: $68,804,000 at the end of 2013 d. In 2014, net income was $16,455,000 and a cash dividend of $7,138,000 was paid. Required Prepare the stockholders' equity section of the balance sheet at December 31, 2014, using this select information. My Textbook Solutions Add a Add testbook textbook Fnancial Chegg tutors who can help right now Zachary Sudhanshu Rakesh Find me a tutor Step-by-step solution Slep 1 of 2 Prepare the stockholder's equity section of the balance sheet It is a statement of prepared at the end of particular period, which shows the changes taken place in the stockholders equity section of the balance sheet. It is prepared to know the actual amount received from the stockholders and the amount paid back to them or retained by the company for a particular period. Comment Step 2 ot 2 A In the given problem, the statement of stockholder's equity is prepared by adding the additional paid in capital and deducting the accumulated deficit from the outstanding common stock as shown below Stockholder's Equity Section of Balaace Sheet At the end of the Dee 31, 2014 Dee 31, 2013 stock, $.01 par vaue; 100,000,000 shares authorized, 34,333,88 shares and outstanding a December 31, 2014 4,990,170 shares issued and outstanding a December 31, 2013 Addtional 343,339 349,902 155,455,000 169,107,000 9,457,000 (68,804,000 96,311 Total Stockholders E 100 Comment