The following represents the stockholders Equity accounts of Co Z as of December 31, 2018
•
Common Stock, $10 pv, 100,000 shares authorized,
55,000 issued and outstanding $ 550,000
Preferred Stock, $100 pv, 20,000 shares authorized,
4,000 sh issued and outstanding 400,000
Addit paid-in capital, preferred 15,000
Addit paid-in capital, common 400,000
Retained Earnings 290,000
The co. had the following transactions during January 1 – December 31, 2019
-March 1– issued 5,000 sh of common st for $20 /sh
-April 5 – Declared and paid a cash dividend of $2/sh on preferred stock
-August 1- Declared and distributed a 5% stock dividend on common. Market value on that date was $25/sh
-November 1– issued 500 sh of preferred stock for land appraised at $100,000
-December 31– The net income for the year was $ 80,000
•Prepare the Stockholders Equity of the Balance Sheet as of December 31, 2019
•Calculate EPS