c Balance Sheet Partial Solution QUICK FIXIT CORPORATION Bal

c. Balance Sheet (Partial)

Solution

QUICK FIX-IT CORPORATION Balance sheet (Partial) December 31, this year Stockholders\' Equity    Contributed Capital:     Preferred Stock 1000000        (59,000 shares, 8%, $50 par authorized          20,000 shares issued and paid-up)     Common Stock 780000        (98,000 shares, $10 par authorized          78,000 shares issued and paid-up)    Paid-in-capital in excess of par, preferred stock 600000    Paid-in-capital in excess of par, Common stock 780000 Total Contributed Capital 3160000 Retained earnings 160000 Treasury Stock -80000 (4,000 shares of common stock at cost) Total Stockholders\' Equity 3240000