Question: On December 3 1 , 2 0 2 1 , Cullumber Company had 1 , 2 7 5 , 0 0 0 shares of
On December Cullumber Company had shares of $ par common stock issued and outstanding. At December stockholders' equity had the amounts listed here.
Transactions during and other information related to stockholders' equity accounts were as follows.
On January issued at $ per share shares of $ par value, cumulative preferred stock.
On February reacquired shares of its common stock for $ per share.
On May declared the yearly cash dividend on preferred stock, payable June to stockholders of record on May
On June declared a cash dividend of $ per share on the common stock outstanding, payable on July to stockholders of record on July
Net income for the year was $ Prepare the stockholders' equity section of Cullumber balance sheet at December
CULLUMBER COMPANY
Partial Balance Sheet
December
Paidin Capital
Capital Stock
Common Stock
Preferred Stock
Paidin Capital in Excess of Par ValuePreferred Stock
Paidin Capital in Excess of Par ValueCommon Stock
Retained Earnings
Total Paidin Capital and Retained Earnings
Treasury Stock
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