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[The following information applies to the questions displayed below.]    Concord Corp. completed the following transactions...

[The following information applies to the questions displayed below.]    Concord Corp. completed the following transactions in 2014, the first year of operation: 1. Issued 32,000 shares of $20 par common stock for $30 per share. 2. Issued 4,900 shares of $54 par, 8 percent, preferred stock at $56 per share. 3. Paid the annual cash dividend to preferred shareholders. 4. Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was $43 per share. 5. Later that year, issued a 2-for-1 split on the 33,600 shares of outstanding common stock. 6. Earned $250,700 of cash revenues and paid $131,000 of cash operating expenses. References Section Break Problem 8-22 Recording and reporting stock dividends LO 8-4, 8-6, 8- 7 Problem 8-22 Part b b. Prepare the stockholders’ equity section of the balance sheet at the end of 2014.

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