CHAPTER $20$ QUESTION $2.$ ALL INFO NEEDED IS THERE.

Reporting Stockholders' Equity The following data are from the accounts of Mitar Corporation at December 31 . Retained earnings, beginning balance Common stock, S_ par, 180,000 shares authorized, 90,000 shares issued 1 Treasury stock, 1 ,800 shares Paid-in capital in excess of par Bonds payable Net income (not included in retained earnings above) Dividends declared and paid (not included in retained earnings above) Required a. Determine the value of the following items. 1. Total retained earnings at year-end 2. Parvalue per share 3. Number of shares outstanding 4. Total stockholders' equity 5. Average original selling price per share S 6. Cost per share of treasury stock 36,000 720,000 360,000 342,000 144,ooo b. Prepare the stockholders' equity section of the balance sheet at December 31 . Stockholders' Equity Section Common stock, par value issued shares Paid-in capital in excess of par Retained earnings Treasury stock Total stockholders' equity Check December 31 O authorized shares O outstanding shares