Answer:
Total Paid in capital = $81100
Total paid in capital and retained earnings = $124800
Total Stockholder's equity are = $114460
Explanation:
given data
Common Stock = $12 par value 5200 shares
shares issued = $62400
Paid-in Capital = $18700
Retained Earnings = $43700
Treasury Stock 470 shares = $10340
to find out
stockholders' equity section of the balance sheet
solution
we get first Total Paid in capital that is
Total Paid in capital = shares issued + Paid-in Capital ..............1
Total Paid in capital = $62400 + $18700
Total Paid in capital = $81100
and
Total paid in capital and retained earnings = Total Paid in capital + Retained Earnings .................2
Total paid in capital and retained earnings = $81100 + $43700
Total paid in capital and retained earnings = $124800
and
so Total Stockholder's equity are = Total paid in capital and retained earnings - Treasury stock ..................3
Total Stockholder's equity are = $124800 - $10340
Total Stockholder's equity are = $114460
