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Henry corp. organized on January 1, 2010. Henry Corp. has authorization for 50,000 shares a 4%,...

Henry corp. organized on January 1, 2010. Henry Corp. has authorization for 50,000 shares a 4%, $50 preferred stock and 1,000,000 shares of $25 per value common stock. As of December 31, 2012 it has 7,500 outstanding shares of preferred stock receiving a total of $3,975,000. Henry corp. also has 350,000 shares of common stock outstanding receiving a total of $21,000,875 Retained earnings beginning balance on December 31, 2012 was $1,350,000. During 2013 the following transactions occurred On January 15, 2013 Henry corp. sold 3,100 shares of preferred stock receiving a total of $205,000. On April 15, 2013 Henry corp. sold 40,000 shares of common stock receiving a total of $4,000,000. On October 27, 2013 Henry corp. sold 6,900 of preferred stock receiving a total of $1,035,000. On September 26, 2013 Henry corp. sold 10,000 of common stock receiving a total of $1,500,000. Net income for 2013 was $1,500,000 Preferred stock dividends paid on December 31, 2013. A common stock dividend of $2.25 was paid on December 31, 2013. Calculate the statement of stockholders equity for the year of 2013.

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2 Henry Corp Statement of Stockholders equit For the year of 2013 Paid in capital in Paid in capital in excess of par Total stockholders equ Common stock,excess of pstock, $50 par Preferred value Preferred Retained $25 par earnings Common value 12,250,875 3,600,000 1,350,000 Dec 31, 2012 Jan. 15, 2013 Apr. 15, 2013 Oct. 27, 2013 Sep. 26, 2013 Net income Preferred dividend Common dividend Dec 31, 2013 8,750,000 375,000 155,000 26,325,875 205,000 4,000,000 1,035,000 1,500,000 1,500,000 35,000 900,000 33,630,875 50,000 1,000,000 3,000,000 345,000 690,000 10 250,000 1,250,000 1,500,000 35,000 900,000 1,915,000 12 13 14 15 16 17 18 19 20 21 10,000,000 16,500,875 875,000 4,340,000 Note: Common shares Preferred shares 7,500 3,100 Dec 31, 2012 Jan. 15, 2013 Apr. 15, 2013 Oct. 27, 2013 Sep. 26, 2013 Total shares 350,000 40,000 6,900 10,000 23 400,000 17,500

Working note:2 Henry Corp Statement of Stockholders equit For the year of 2013 4 Paid in capital in Paid in capital in Preferred stock, $50 par Total stockholders Common stock, $25 par excess of par excess of par- Retained earnings Preferred value equity Common value 350000 25 7500 50 Dec 31, 2012 Jan. 15, 2013 Apr. 15, 2013 Oct. 27, 2013 Sep. 26, 2013 Net income Preferred dividend Common dividend Dec 31, 2013 :SUM(C6:G6 -SUM(C7:G7 -SUM(C8:G8 SUM(C969) -SUM(C10:G10) -SUM(C11:G11) -SUM(C12:G12) 5-SUM(C13:G13) 21000875-C6 3975000-E6 1350000 3100 50 205000-E7 -40000 25 -6900 50 1035000-E9 10 10000 25 1500000-C10 -17500*4%*50 12 13 --400000 2.25 SUM(C6:C13) -SUM(D6:D13)SUM(E6:E13) -SUM(F6:F13) SUM(G6:G13) SUM(C14:G14) 15 16 17 Note: Common shares Preferred shares 7500 3100 Dec 31, 2012 Jan. 15, 2013 Apr. 15, 2013 Oct. 27, 2013 Sep. 26, 2013 Total shares 350000 19 20 21 6900 10000 23 SUM(C18:C22) -SUM(D18:D22) 24

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