Presentation of Stockholders' Equity Yeager Corporation was organized in January 2019. During 2019, Yeager engaged in the following stockholders' equity activities: a. Secured approval for a corporate charter that authorizes Yeager to sell 500,000, $10 par common shares and 40,000, $100 par preferr b. Sold 60,000 of the common shares for $16 per share. c. Sold 2,000 of the preferred shares for $102 per share. d. Repurchased 550 of the common shares for the treasury at a cost of $18 each. e. Earned net income of $31,300. f. Paid dividends of $6,000. Required: Prepare the stockholders' equity portion of Yeager's balance sheet as of December 31, 2019. Yeager Corporation Balance Sheet (Partial) December 31, 2019 Stockholders' Equity: Additional paid-in capital: Total capital stock 00 000 8

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