The stockholders' equity of Sougiannis Company at December 31, 2013, follows:

The following transactions, among others, occurred during the following year:

Required

a. Use the financial statement effects template to indicate the effects from each of these transactions.

b. Prepare the December 31, 2014, stockholders' equity section of the balance sheet assuming that the company reports 2014 net income of \(\$ 83,000\).

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7% Preferred stock, $100 par value, 20,000 shares authorized; 4,000 shares issued and outstanding.... Common stock, $15 par value, 100,000 shares authorized; 30,000 shares issued and outstanding..... Paid-in capital in excess of par value preferred stock... Paid-in capital in excess of par value common stock.. Retained earnings Total stockholders' equity $ 400,000 450,000 36,000 360,000 325,000 $1,571,000