pleeeaaasdeee heeellppp January 2 issues 100,000 shares of common stock for...
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pleeeaaasdeee heeellppp
January 2 issues 100,000 shares of common stock for $32 per share. February 6 issues 2,700 shares of 9% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own common stock for $37 per share. December 15 Reissues 5,500 shares of treasury stock at $42 per share. In its first year of operations, Finishing Touches has net income of $157,000 and pays dividends at the end of the year cir $94.500 ( $1 per share) on all common shares outstanding and $2,430 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct
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