Question 1 75 pole INSTRUCTION #1: (a) Prepare, in GOOD FORM and in detail, the stockholders' equity section for Needles Industries based on the following accounts found in the ledger, dated December 31, 2018 Common Stock (51 par value) $2,375,000 Paid-In Capital in excess of stated value preferred Stock 890,000 Pald-in Capital in Excess of Par Value-Common Stock 3,777,000 Preferred Stock (5%, $50 stated) 870,000 Retained Earnings 4,096,000 Treasury Stock (18,000 common shares) 630 000 (b) Determine the following and show computations: The number of outstanding Common shares, and issued Common shares ii. The number of Preferred shares issued, and Preferred shares outstanding NOTE: PROVIDE ALL DETAIL COMPUTATIONS TO EARN FULL CREDIT - E - T- TTTT Paragraph Arial %DO QUE OS: Mashups - 1 - 3 (12p T T ES Path:P Prisen % 5 8 6 4 3