Chapter 11 practice problems part III Jansen Corporation issued 1,000 shares of 8%, $100 par value preferred stock at $100 per share. They also issued 20,000 shares of $2 par value common stock at a price of $11 per share This year, Jansen had $300,000 of income and paid the required dividends to the preferred stockholders and a $1 per share dividend to the common stockholders. Required Prepare the stockholder's equity section of the balance sheet for Jansen. Stockholder's Equity 8% preferred Stock, $100 par S Question 2 On March 15th of this year, the market value of United Airlines stock dropped by $20 per share after the number of people flying dropped by 80% due to Covid-19. This drop in market share of their common stock would have what effect on the company's balance sheet? I Question 3 The following is the stockholder's equity section of the balance sheet for Home Depot in 2019. (All dollar figures listed below are in Smillions.) Common Stock, $0.05 par value, 10,000,000 shares issued, 1,700,000 shares out. $89 Additional Paid in capital $11,001 Total Paid in Capital $11,090 Retained Earnings $51,719 Treasury Stock, at cost 1565,196) Total Stockholder's Equity $2,387) a. How much did the investors originally pay into the company when they purchased their stock? b. How is possible that the total stockholder's equity is negative given that the company has 551 billion dollars of retained earnings? How much of the equity of Home Depot is legally restricted? C