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A B D E F G H K L Background Information: M N O Kristof was is newly formed, has 60,000 shares of $15 par common stock authorized. March 1, 2018 Kristoff issued 7,000 shares of stock for $18 per share May 2, 2018 an additional 12,000 shares at $20 per share were issued 0 1 A) Complete the accounting equation Kristof 13 Accounting Equation 14 Balance Sheet Income Statement 15 Event Assets Liabilities Stockholders Equity 16 Cash + Common Stock PIC in Excess Revenue Expense Net Income 17 1-Mar $ 105,000 18 2-May 180,000 19 Total S $ 285,000 20 21 a) Determine the amount Kristoff would report for common stock on December 31,2018. 22 b) Determine the amount Kristoff would report for paid-in capital in excess of par. 23 c) What is the total amount of capital distributed by the owners? 24 d) What amount of total assets would Kristoff report on the December 21,2018 balance sheet? 25 26 a) Common Stock 27 b) Paid in Capital in excess of par 28 c) Total Paid-in Capital 29 d) Total Assets Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6