Please help me A company had the following equity account balances on January 1.January 1 balancesCommon stock, $3 par value, 360,000 shares authorized, 90,000 shares issued and outstanding $270,000Paid-in capital in excess of par - common stock$210,000Retained earnings$245,000During the year, the following equity transactions occurred.Transactions during the yearFebruary 10 Issued 16,000 shares of common stock for $27 per share.May 16 Purchased 8,400 shares of its own common stock for $29 per share.Sold 3,360 of the treasury shares acquired May 16 for $32 per share.August 3December 31 Reported net income for the year of $172,000.Complete the following stockholders' equity section of the balance sheet as of December 31.December 31 balancesCommon stockPaid-in capital in excess of par - common stockRetained earningsTreasury stock[Select][Select][Select][Select]<><>

The treasury stock includes the own shares of the compnay repurchased from the shareholders. The…

A company had the following equity account balances on January 1. January 1 balances Common stock, $3 par value, 360,000 shares authorized, 90,000 shares issued and outstanding $270,000 Paid-in capital in excess of par - common stock $210,000 Retained earnings $245,000 During the year, the following equity transactions occurred. Transactions during the year February 10 May 16 August 3 Issued 16,000 shares of common stock for $27 per share. Purchased 8,400 shares of its own common stock for $29 per share. Sold 3,360 of the treasury shares acquired May 16 for $32 per share. December 31 Reported net income for the year of $172,000. Complete the following stockholders' equity section of the balance sheet as of December 31. December 31 balances Common stock Paid-in capital in excess of par - common stock Retained earnings Treasury stock [Select] [Select] [Select] [Select] > < >