Answer Happy

Foster Company had the following transactions during 2021, its first year in business: January 2 Issued 30,000 shares of $30 par common stock for $89 per share. April Issued 3,000 shares of $30 par preferred stock for $65 per share. Purchased 2,400 shares of treasury.stock for $35 per share December 9 Reissued 230 shares of treasury stock for $52 per share, 3 October 6 In addition, Foster Company had $289,000 of net income for the year and, during the year, declared and distributed a cash dividend of $63.600. Required: Prepare the stockholders' equity section of the December 31, 2021, balance sheet. Note: In the final answer, use "Additional Paid-in Capital" to combine all the additional Paid-In Capital accounts. Foster Company Stockholders' Equity December 31 Preferred Stock $0 (Choose one) $0 Additional Paid-In Capital Beginning Retained Earnings Common Stock $0 $0 Dividends Net Income Preferred Stock Retained Earnings Treasury Stock The www.my 2 2 2 2 2