Accounting -on 1-1-13, Powder Company provided the following shareholders equity section

| January 30, 2017

Question
on 1-1-13, Powder Company provided the following shareholders equity section of its balance sheet:

Contrbiuted capital: Preferred stock $100 par $92800

Common stock $5 par $37400

add. paid in capital on preferred stock $21500

add. paid in capital on common stock $58700 Total CC $210400

Retained earnings $185700

Total Shareholders equity $396100.

Powder issued 1800 shares of common stock at $13 per share

Powder issued 340 shared of preferred stock at $130 per share

Powder earned net income of $38950

Powder paid $7 per share dividend on preferred stock and $1 on common stock outstanding end of 2013

Please prepare statement of shareholders equity (include retained earnings for 2013. In word format.

Thank You!!!!

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