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Help Save 6 E Submit Check my work 2 Part 2 of 2 Required information The following information applies to the questions displayed below) Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock common stock. $12 par value 13,000 shares authorized. During the year, the following selected transactions were completed a Sold 6,100 shares of common stock for cash at $24 per share b. Sold 2 200 shares of common stock for cash at $29 per share. At year-end, the accounts reflected income of 57600 No dividends were declared Point . 2. Prepare the stockholders equity section as it should be reported on the year end balance sheet. (Amounts to be deducted should be indicated by a minus sign) TARRANT CORPORATION Balance Sheet (Partian At December 31. This year Prim Stockholders equity Contributed capital References Total contributed capital Help Save & EL Check 2. Part 2 of 2 Required information [The following information applies to the questions displayed below! Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock common stock 512 par value, 13,000 shares authorized. During the year, the following selected transactions were completed: a. Sold 6.100 shares of common stock for cash at $24 per share. b. Sold 2 200 shares of common stock for cash at $29 per share, C. At year-end the accounts reflected income of $7600. No dividends were declared, 2 points 2. Prepare the stockholders equity section as it should be reported on the year-end balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Hint Print D C TARRANT CORPORATION Balance Sheet (Partial) At December 31. This year Stockholders equity Contributed capital Cash Paid in capital stock options References Total contributed capital 0 Total stockholders' equity $

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