%24 %24 Question 16 of 20 Splish Brothers Company reported the following balances at December 31, 2019: common stock $530,000; paid-in capital in excess of par value $125,000; retained earnings...

Extracted text: %24 %24 Question 16 of 20 Splish Brothers Company reported the following balances at December 31, 2019: common stock $530,000; paid-in capital in excess of par value $125,000; retained earnings $265,00O. During 2020, the following transactions affected stockholders' equity. 1. Issued preferred stock with a par value of $152,000 for $214,000. 2. Purchased treasury stock (common) for S50,000, 3. Earned net income of $130,000. 4. Declared and paid cash dividends of $65,000. Prepare the stockholders equity section of Splish Brothers Company's December 31, 2020, balance sheet. Balance Sheet (Partial) AN TA HSI7dS eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer