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what are the steps I should follow to solve this problem $ 50,000 ILLUSTRATION 13-5 STATEMENT PRESENTATION OF STOCKHOLDERS' EQUITY BOOMER CORPORATION Stockholders' equity Paid-in

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$ 50,000 ILLUSTRATION 13-5 STATEMENT PRESENTATION OF STOCKHOLDERS' EQUITY BOOMER CORPORATION Stockholders' equity Paid-in capital Capital stock 9% Preferred stock, $10 par value, callable at $12, cumulative, 10,000 shares authorized, 5.000 shares issued and outstanding Common stock, no par, $4 stated value, 50,000 shares authorized, 40,000 shares issued, and 39,000 outstanding Total capital stock Additional paid-in capital In excess of par value-preferred stock $ 50,000 In excess of stated value-common stock 240,000 Total additional paid-in capital Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock-common (1.000 shares) Total stockholders' equity 160,000 210,000 290,000 500,000 300,000 800.000 (15,000) $785,000 - Similar (modified example E 13-7) covered in class - Note: See how we calculated the number of shares issued Extra-Credit Question: Requirement: Prepare 3 separate Journal Entries (J/E) (1) for P/S (2) for C/S and (3) Treasury Stock How many shares where either issued (182) And how many shares were bought Issuance price for both (182) as well as purchasing price for (3)

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