GUIU UUUU, TU JUULIUS S X Instructor-created question Question Help Equip Fix Company began operations during 2016. The company has been authorized to sell 650,000 shares of $9 par value common stock and 225,000 shares of $10 par, 9 percent preferred stock During the year, the company had the following selected transactions Mar 1: Issued 5,700 shares of common stock in exchange for $19.000 and a truck with a market value of 532 300 Apr 13: Issued 1,000 shares of common stock for $9.000 Aug 18: Issued 3,000 shares of common stock for $34,500 Sep 6: Issued 1,500 shares of preferred stock for $45,000 Oct 22: Purchased 400 shares of its common stock for $15 per share Nov 14 Declared a 59.000 dividend to be paid on December 15. Dec 15: Paid the dividend, Choose from any list or enter any number in the input fields and then click Check Answer Equip Fx Company began operations during 2016. The company has been authorized to sell 650,000 shares of $9 par value common stock and 225,000 shares of $10 par, 9 percent preferred stock. During the year, the company had the following selected transactions: Dec 21: Sold 200 shares of treasury stock for $18 per share. Requirement. Prepare the stockholders' equity section of the balance sheet on December 31, 2016, assuming $111,000 of net income during the year. In addition to the dividends paid on December 15, $4,000 of more dividends were declared prior to year-end, and these dividends were paid during the first month of next year. Stockholders' Equity 225.000 shares authorized Paid-in capital Preferred stock, 510 par 1,500 shares issued and outstanding Paid-in capital in excess of par, preferred Common stock, 59 par shares issued 650.000 shares authorized shares outstanding Equip Fix Company began operations during 2016. The company has been authorized to sell 650,000 shares of $9 par value common stock and 225,000 shares of $10 par, 9 percent preferred stock. During the year, the company had the following selected transactions: TUTTO SI Ipar CUTZ 1.500 shares issued and outstanding Paid-in capital in excess of par, preferred Common stock, 59 par, 650,000 shares authorized shares issued shares outstanding Paid-in capital in excess of par, common Paid-in capital from treasury stock Total paid-in capital Retained earnings 98.000 Less: Treasury stock 200 shares at cost Total stockholders' equity hoose from any list or enter any number in the input fields and then click Check