Chapter 11, Problem 11.8E

Reporting Stockholders’ Equity

Ruth’s Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company’s menu features a broad selection of high-quality USDA prime steaks and other premium offerings. Select information from the company’s annual report is shown below:

1. a. Common stock, $0.01 par value, 100,000,000 shares authorized, 34,333,858 issued and outstanding at December 31, 2014; 34,990,170 issued and outstanding at December 31, 2013.
2. b. Additional paid-in capital: $155,455,000 at the end of 2014 and $169,107,000 at the end of 2013.
3. c. Accumulated deficit: $68,804,000 at the end of 2013.
4. d. In 2014, net income was $16,455,000 and a cash dividend of $7,138,000 was paid.

Required:

Prepare the stockholders’ equity section of the balance sheet at December 31, 2014, using this select information.