Question: Please answer only the three values in part C. For the Stockholders Equity, the three with red Xs next to them. Please explain how you
myBusinessCourse Chapter 11 H ACC 111:-Principles of Accounting I Section 06 Fall 2017 usinessCourse Menu Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Windham Corporation at January 1 appear below: 8 Percent preferred stock, $25 par value, 50,000 shares authorized; 6.800 shares issued and outstanding Common stock, $10 par value, 200,000 shares authorized; $170,000 50,000 shares issued and outstanding Paid-in capital in excess of par value-Preferred stock Paid-in capital in excess of par value-Common stock Retained earnings 500,000 68,000 200,000 270,000 During the year, the following transactions occurred Jan. 10 Issued 35,000 shares of common stock for $17 cash per share. 23 Purchased 10,000 shares of common stock as treasury stock at $19 per share. Mar. 14 Sold one-half of the treasury shares acquired January 23 for $21 per share. July 15 issued 3,500 shares of preferred stock in exchange for equipment with a fair market value of $128,000. Nov. 15 Sold 2,000 of the treasury shares acquired January 23 for $24 per share. Dec. 31 Closed the net income of $59,000 to the Retained Earnings account
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