Bramble Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...

 

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Bramble Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2025, the following accounts were included in stockholders' equity. Preferred Stock, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2026. Jan. 1 32,600 shares of preferred stock issued at $23 per share. Feb. 1 49,300 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 29,900 shares of common treasury stock purchased at $10 per share. Bramble uses the cost method. Sept. 15 10,300 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 52 per share is declared. Dec. 31 Net income is $2,134,000. Prepare the stockholders' equity section for Bramble Company at December 31, 2026. (Enter account name only and do not provide descriptive information.) Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital from Treasury Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity BRAMBLE COMPANY Stockholders' Equity December 31, 2026 SA $ $ 3696000 10441500 202000 26681000 59800 $ 14137500 26942800 4587000 SUPPOI Bramble Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2025, the following accounts were included in stockholders' equity. Preferred Stock, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2026. Jan. 1 32,600 shares of preferred stock issued at $23 per share. Feb. 1 49,300 shares of common stock issued at $19 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 29,900 shares of common treasury stock purchased at $10 per share. Bramble uses the cost method. Sept. 15 10,300 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 52 per share is declared. Dec. 31 Net income is $2,134,000. Prepare the stockholders' equity section for Bramble Company at December 31, 2026. (Enter account name only and do not provide descriptive information.) Capital Stock Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital from Treasury Stock Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity BRAMBLE COMPANY Stockholders' Equity December 31, 2026 SA $ $ 3696000 10441500 202000 26681000 59800 $ 14137500 26942800 4587000 SUPPOI

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Answer BRAMBLE COMPANY Stockholders Equity December 31 2026 Preferred Stock Common Stock Total Cap... View the full answer