Reference no: EM131702486
Question - Attache, Inc. organized on January 01, 2009. Attache, Inc. has authorization for 700,000 shares of 15%, $50 Preferred Stock and 1,000,000 shares of $10 Par Value Common Stock. As of December 31, 2014 it has 30,000 outstanding shares of Preferred Stock receiving a total of $6,000,000. Attache, Inc. also has 300,000 shares of Common Stock outstanding receiving a total of $5,700,000.
Retained Earnings Beginning Balance on December, 31, 2014 was $200,000.
During 2015 the following transactions occurred.
On February 06, 2015 Attache, Inc. sold 90,000 shares of Preferred Stock receiving a total of $10,000,000. On September 10, 2015 Attache, Inc. sold 15,000 shares of Common Stock receiving a total of $700,000. On October 15, 2015 Attache, Inc. sold 20,000 of Preferred Stock receiving a total of $5,000,000.
Net Income for 2015 was $2,500,000.
Preferred Stock Dividends paid on December 31, 2015.
A Common Stock Dividend of $1.25 was paid on December 31, 2015.
Required: Prepare a Statement of Stockholders' Equity using the template discussed in this module for the Year of 2015.
Attachment:- TEMPLATE.rar