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please use chart format, thank you E11-4 (Algo) Reporting the...

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Accounting

please use chart format, thank you
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E11-4 (Algo) Reporting the Stockholders' Equity Section of the Balance Sheet [LO 11-2, LO 11-3, LO 11-4] Shelby Corporation was organized in January to operate an air-conditioning sales and service business. The charter issued by the state authorized the following capital stock: Common stock, $1 par value, 200,000 shares Preferred stock, \$10 par value, 6 percent, 50,000 shares Duing January and February, the following stock transactions were completed; a. Collected $676,000 cash and issued 26,000 shares of common stock b. Hssued 18,000 shares of preferred stock at $36 per share; collected in cash. Net income for the year was $56,000; castr dividends declared and poid at yearend were $10,000. Required: Piepare the stockholders equily section of the balance sheet at December 31

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