Question: Please help ASAP it is due in less than an hour! Required information [The following information applies to the questions displayed below.] Whyville Corporation obtained

 Please help ASAP it is due in less than an hour!Required information [The following information applies to the questions displayed below.] Whyville

Please help ASAP it is due in less than an hour!

Required information [The following information applies to the questions displayed below.] Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $61,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 230,000 shares of the common stock at $26 cash per share. b. Reacquired 5,300 shares at $27 cash per share to use as stock incentives for senior management. 3. Prepare the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.)

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