*Problem 15-3 Concord Company has two classes of capital stock outstanding: 8%, $20 par preferred...
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*Problem 15-3 Concord Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 157,400 shares Common Stock, 2,036,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 3,148,000 10,180,000 202,000 26,919,000 4,454,000 The following transactions affected stockholders' equity during 2018. an. 30,100 shares of preferred stock issued at $23 per share. Feb. 1 51,500 shares of common stock issued at $21 per share. une 2-for-1 stock split (par value reduced to $2.50) July1 31,800 shares of common treasury stock purchased at $10 per share. Concord uses the cost method Sept. 15 9,100 shares of treasury stock reissued at $11 per share Dec. 31 The preferred dividend is declared, and a common dividend of 52 per share is dedlared. Dec. 31 Net income is $2,081,000 Prepare the stockholders' equity section for Concord Company at December 31, 2018. (Enter account name only and do not provide descriptive information.) CONCORD COMPANY Stockholders' Equity Question Attempts: 0 of 3 used
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