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​August, Inc. had the following transactions in​ 2018, its first year of​ operations:
• Issued 29,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $14.00 per share.
• Issued ,500 shares of $200.00 par value preferred stock at par.
• Earned net income of $39,000. bullet• Paid no dividends.
At the end of​ 2018, what is total​ stockholders' equity?

Respuesta :

TomShelby

Answer:

Total               545,000

Explanation:

29,000 x 2 =    58,000 common stock

29,000 x 12 = 348,000 additional paid-in capital

500 x 200 =   100,000 preferred stock

Net income      39,000

Dividends         none

Total               545,000

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