Reference no: EM132497898

Point 1: When Hareem Corporation was incorporated in 2014, authorization was obtained to issue 200,000 shares of $5 par value common stock and 6,000 shares of 8% cumulative preferred stock. The preferred stock has a par value of $100. All the preferred stock was issued at $107 per share, and 110,000 shares of the common stock were sold for $9 per share. Hareem corporation also purchased its own 10,000 stock in 2016 at $10 each.

Point 2: The operations of the company resulted in a net loss of $19,000 in 2014 and netincome of $125,000 in 2015. In 2016, net income was $352,000, and the cashposition was sufficient to allow the board of directors to declare a cash dividend of $1 per share to the common shareholders, as well as satisfy all preferred stock dividend requirementsComplete in good form the stockholders' equity section of Hareem Corporation's balance sheet at December 31, 2016.

Question 1: Refer to above question briefly explain following terminology with its amount:

i. Paid in capital

ii. Additional paid in capital

iii. Authorized share

iv. Issued shares

v. Treasury shares

vi. Cumulative and non-cumulative preferred stock