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When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000

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When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $102 per share, and 83,000 shares of the common stock were sold for $18 per share. At the end of the current year, Resisto has retained earnings of $382,000 Prepare the stockholders' equity section of the company's balance sheet at the end of the current year When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $102 per share, and 83,000 shares of the common stock were sold for $18 per share. At the end of the current year, Resisto has retained earnings of $382,000 Prepare the stockholders' equity section of the company's balance sheet at the end of the current year

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