Please help the last part of Prepare a stockholders’ equity section at December

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Please help the last part of Prepare a stockholders’ equity section at December 31, 2015, including the disclosure of the preferred dividends in arrears. NOT JUST ANSWER, I NEED THE SOLUTION. THANK YOU

The stockholders' equity accounts of Castle Corporation on January 1, 2015, were as follows Preferred Stock (8%, $49 par, cumulative, 10,800 shares authorized) Common Stock ($1 stated value, 2,054,700 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,100 common shares) $392,000 1,000,200 132,400 1,473,800 1,787,700 40,400 During 2015, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 24,700 shares of common stock for $122,300 Apr. 14 Sold 5,800 shares of treasury stock-common for $33,400 Sept. 3 Issued 4,900 shares of common stock for a patent valued at $35,800 Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,800 Dec. 31 Determined that net income for the year was $468,000 No dividends were declared during the year (a) Your answer is correct. ournalize the transactions and the closing entry for net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Explanation / Answer

CASTLE CORPORATION BALANCE SHEET(Partial)December 31,2015 Stockholders'Equity Paid in Capital and Retained Earnings Capital Stock Peferred Stock 392000 Common Stock($ 1 Stated value) 1029800 Total Capital stock 1421800 Additional Paid-in Capital Paid-in-capital in Excess of Stated Value-Common Stock 1602300 Paid-in-capital in Excess of par-Preferred Stock 132400 Paid-in-capital from Treasury Stock 10200 Total Additional Paid-in Capital 1744900 Paid-in-capital 3166700 Retained Earnings 2255700 Total Paid in Capital and Retained Earnings 5422400 Less: Treasury Stock -23000 Total Stockholders' Equity 5399400

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