On december 31 2013 paxson company had 1397100 shares of 6

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Reference no: EM13570311

On December 31, 2013, Paxson Company had 1,397,100 shares of $6 par common stock issued and outstanding. At December 31, 2013, stockholders' equity had the amounts listed here.

Common Stock		$8,382,600
Additional Paid-in Capital		1,833,600
Retained Earnings		1,130,000

Transactions during 2014 and other information related to stockholders' equity accounts were as follows.

1.		On January 10, 2014, issued at $112 per share 120,200 shares of $100 par value, 8% cumulative preferred stock.
2.		On February 8, 2014, reacquired 16,400 shares of its common stock for $11 per share.
3.		On May 9, 2014, declared the yearly cash dividend on preferred stock, payable June 10, 2014, to stockholders of record on May 31, 2014.
4.		On June 8, 2014, declared a cash dividend of $1.30 per share on the common stock outstanding, payable on July 10, 2014, to stockholders of record on July 1, 2014.
5.		Net income for the year was $3,579,700.

Prepare the stockholders' equity section of Paxson's balance sheet at December 31, 2014. (please provide answer in table)

Reference no: EM13570311

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