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  3. indigo corporation has issued 96.000 shares of 55

Indigo Corporation has issued 96.000 shares of 55 par value comenonstock. it was authorized to...

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Accounting

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Indigo Corporation has issued 96.000 shares of 55 par value comenonstock. it was authorized to sell 500,000 shares. The paid-in capital in excess of par on cemmenstock is $257,000. The corporation has reacquired 6,700 commonshares at 3cos of $47,500 and is currensly holding those shares. The corporation also has 1,100 shures issued and outstanding of 72,5100 par value preferred stock. it was authorized 9,100 shares The paid in Capital in Exxess of Par on the preferred stock 6$27,400. Retained eamings is $378,000 Prepare the stockholders' equity section of the bulance sheet. (Enter account nams only and do not provide descriptive information)

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