Dan's Dependable Delivery began the year with 30,000 $1 Common shares issued and outstanding. Paid in Capital in Excess of Par was $25,000 and Retained Earnings were $175,000. Net Income for the current year is $35,000. The company had 5000 outstanding shares of $4 par, 5% Preferred Stock. Taking the transactions from part one into consideration, complete the Statement of Shareholders' Equity for the current year end. Use the table in part two of the template.

Part 2

 Part 1

 

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Balance, January 1, 20-- Issuance of Stock Net Income Cash Dividends Stock Dividends Purchase of Treasury Stock Sale of Treasury Stock Balance, December 31, 20-- Dan's Dependable Delivery Statement of Shareholders' Equity For the year ended 20-- Preferred Stock Paid in Capital Common Stock Common Stock Retained Earnings Paid in Capital- Treasury Stock Treasury Stock Total Balance, January 1, 20-- Issuance of Stock Net Income Cash Dividends Stock Dividends Purchase of Treasury Stock Sale of Treasury Stock Balance, December 31, 20-- Dan's Dependable Delivery Statement of Shareholders' Equity For the year ended 20-- Preferred Stock Paid in Capital Common Stock Common Stock Retained Earnings Paid in Capital- Treasury Stock Treasury Stock Total

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Lets calculate the final balances for each account Common Stock Issued 10000 January 2 Trea... View the full answer