Question: Help me fill missing spots, please. The Clothing Cove has two classes of stock authorized: 9%,$10 par preferred, and $1 par value common. The following
Help me fill missing spots, please.
The Clothing Cove has two classes of stock authorized: 9%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issues 100 ,000 shares of common stock for $26 per share. February 6 Issues 2,100 shares of 9% preferred stock for $11 per share. September 10 Purchases 11,000 shares of its own cormon stock for $31 per share. December 15 Resells 5,500 shares of treasury stock at $36 per share. In its first year of operations, The Clothing Cove has net income of $151,000 and pays dividends at the end of the year of $94,500 ( $1 per sharel on all common shares outstanding and $1,890 on all preferred shares outstanding. Required: Prepare the stockholders' equity section of the balance sheet for The Clothing Cove as of December 31,2024 . (Amounts to be deducted should be indicated by a minus sign.) Answer is complete but not entirely correct
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