As mentioned in the syllabus, the WileyPlus homework provides good practice for individual segments of chapter topics. However, the problems do not…

As mentioned in the syllabus, the WileyPlus homework provides good practice for individual segments of chapter topics. However, the problems do not….

All numbers are on the attached document. I am only asking for question #2 on the form:Prepare the December 31, 2010 Owners‟ Equity section of Retro‟s balance sheet IN GOOD FORM (this includes the order in which the accounts are listed). Alsoinclude:Relevant descriptions for accounts (i.e. for Common Stock, the number of shares authorized, issued, and outstanding, etc.Separate Additional Paid In Capital accounts for each type of transaction (i.e., Additional Paid In Capital – Preferred Stock, Additional Paid In Capital –CommonStock, Additional Paid In Capital -Stock Options, etc.).

As mentioned in the syllabus, the WileyPlus homework provides good practice for individual segments of chapter topics. However, the problems do not…