Answer:
Resisto Systems
Stockholder Equity As on MM DD, YYYY
Common Share paid-in Capital $120,000
Preferred Shares paid-in Capital $250,000
Additional paid-in capital above par Common $540,000
Additional paid-in capital above par Preferred $12,500
Retained Earning <u>$382,000 </u>
Total Stockholder Equity <u>$1,304,500</u>
Explanation:
The stockholders' equity section is reported on the Equity and Liabilities section of the balance sheet. Equity and Liabilities section are equal to the total assets value on the balance sheet. The Stockholders Equity section is consists of the capital from common and preferred shares and any additional paid-in capital over par value. Retained earnings is also a part of this section. The retained earnings is the net balance of opening retained earnings, net income earned during the period and dividends paid during the period.
Preferred share issued = 5,000 x 0.5 = 2,500
Common Share paid-in Capital = 60,000 x $2 = $120,000
Preferred Shares paid-in Capital = 2500 x $100 = $250,000
Additional paid-in capital above par Common = ( $11 - $2 ) x 60,000 = $540,000
Additional paid-in capital above par Preferred = ( $105 - $100 ) x 2,500 = $12,500
