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what's the answers The Golden Mushroom has two classes of...

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Accounting

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The Golden Mushroom has two classes of stock authorized: 8%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issues 100,600 shares of common stock for $25 per share. February 6 Issues 2,009 shares of 88 preferred stock for $12 per share. Septenber 10 Purchases 10,690 shares of its own comon stock for $30 per share. Decenber 15 Resells 5,600 shares of treasury stock at $35 per share. In its first year of operations, The Golden Mushroom has net income of $150,000 and pays dividends at the end of the year of $95,000 (\$1 per share) on all common shares outstanding and $1,600 on all preferred shares outstanding Required: Prepare the stockholders' equity section of the balance sheet for The Golden Mushroom as of December 31, 2024. (Amounts to be deducted should be indicated by a minus sign.)

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