Make the stockholders equity section of the balance sheet

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Reference no: EM131832689

Question: On January 1, 2017, Kimbel Inc. had these stockholders' equity balances

During 2017, the following transactions and events occurred.

1. Issued 50,000 shares of $1 par value common stock for $3 per share.

2. Issued 60,000 shares of common stock for cash at $4 per share.

3. Purchased 20,000 shares of common stock for the treasury at $3.80 per share.

4. Declared and paid a cash dividend of $207,000.

5. Earned net income of $410,000. 6. Had other comprehensive income of $17,000

Instructions: Prepare the stockholders' equity section of the balance sheet at December 31, 2017.

Reference no: EM131832689

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