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Prepare the stockholders Equity section

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Question - Notebook Company had the following transactions in 2019, its first year of operations.

Issued 2,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $50.00 per share.

Issued 100 shares of $100 par value preferred stock. Shares were issued at par.

Earned net income of $95,000.

Paid dividends of $5,000.

At the end of 2019, prepare the stockholders' Equity section.

Reference no: EM132761577

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