CARLA COMPANY Stockholders’ Equity December 31, 2021 |
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Capital stock |
||
Preferred stock |
$3548000 |
|
Common stock |
10185500 |
|
Total capital stock |
13733500 |
|
Additional paid in stock |
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Paid-in capital in excess of par – preferred stock |
294600 |
|
Paid in capital in excess of par – common stock |
27215600 |
|
Paid in capital from treasury stock |
18400 |
|
27525600 |
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Total paid in capital |
41259100 |
|
Retained earnings |
4200275 |
|
Total paid in capital and retained earnings |
45459375 |
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Less: Treasury stock |
197000 |
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Total stockholder’s equity |
$45262375 |
Preferred stock = 2964000+(29200*20) = 3548000
Common stock= 9955000+(46100*5) = 10185500
Paid-in capital in excess of par – preferred stock = 207000+(29200*3) = 294600
Paid in capital in excess of par – common stock = 26478000+(46100*16) =27215600
Paid in capital from treasury stock = 9200*2 = 18400
Retained earnings =4495000+2138000-((148200+29200)*20*8%)-((((1991000+46100)*2)-(28900-9200))*0.53) = 4200275
Treasury stock = (28900-9200)*10 = 197000
Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
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