The following is a summary of all relevant transactions of Vicario Corporation since it was organized in

Question:

The following is a summary of all relevant transactions of Vicario since it was organized in 2012.
In 2012, 15,000 shares were authorized and 7,000 shares of ($50 par value) were issued at a price of $57. In 2013, 1,000 shares were issued as a stock when the stock was selling for $60. Three hundred shares of were bought in 2014 at a cost of $64 per share. These 300 shares are still in the company treasury.
In 2013, 10,000 preferred shares were authorized and the company issued 5,000 of them ($100 par value) at $113. Some of the preferred stock was reacquired by the company and later reissued for $4,700 more than it cost the company.
The has earned a total of $610,000 in net income after income taxes and paid out a total of $312,600 in cash dividends since incorporation.
Instructions
Prepare the stockholders’ equity section of the in proper form for Vicario as of December 31, 2014. Account for treasury stock using the cost method.

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