Included in the December 31, 2012, Jacobi Company balance sheet was the following shareholders' equity section:
The company engaged in the following stock transactions during 2013:
2. Prepare the December 31, 2013, shareholders' equity section (assume that 2013 net income was $270,000).
Preferred Stock (6%, $100 par) xxxxxx
Additional paid in capital on preffered stock xxxxx
Common Stock ($2.50 par) xxxxxx
Additional paid in capital on common stock xxxxx
Additional paid in capital on treasury stock xxxxx
Additional paid in capital from stock divident xxxxx
Total contributed capital xxxxx
Retained earnings xxxxxx
Accumulated other comprehensive income (loss):
Unrealized decrease in value of available for sale securities xxxxx
Total contributed capital, retained earnings, and accumulated other comprehensive income xxxxx
Less Treasury stock xxxxx
Total shareholder's equity xxxxx