Question: P 1 4 . 3 Hatch Company has two classes of capital stock outstanding: 8 % , $ 2 0 par preferred and $ 5
P Hatch Company has two classes of capital stock outstanding: $ par preferred and $ par common. At December the following accounts were included in stockholders equity. Preferred Stock, shares $ Common Stock, shares Paidin Capital in Excess of ParPreferred Stock Paidin Capital in Excess of ParCommon Stock Retained Earnings The following transactions affected stockholders equity during Jan. shares of preferred stock issued at $ per share. Feb. shares of common stock issued at $ per share. June for stock split par value reduced to $ July shares of common treasury stock purchased at $ per share. Hatch uses the cost method. Sept. shares of treasury stock reissued at $ per share. Dec. The preferred dividend is declared, and a common dividend of per share is declared. Dec. Net income is $ Instructions: Prepare the stockholders equity section for Hatch Company at December Show all supporting computations.
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