What is the amount of total contributed capital at december

Reference no: EM13395386

A Company was incorporated as a new business on January 1.The company is authorized to issue 20,000shares of $5 par value common stock and 10,000shares of 6%,$10 par value,cumulative,particpating preferred stock.On January 1,the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share.Net income for the year ended December 31 was $375,000.

(A) What is the amount of total contributed capital at December 31

(B) What is the amount of uninsured shares of stock at December 31?

(C) What is the total stockholders'equity reported on the balance sheet at December 31?

Reference no: EM13395386

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