The following stockholders” equity accounts, arranged alphabetically, are in the ledger of Charlotte Corporation at December 31, 2012.
|
Common Stock ($2 stated value, 1,800,000 shares authorized) |
$2,600,000 |
|
Paid-in Capital in Excess of Par Value—Preferred Stock |
158,000 |
|
Paid-in Capital in Excess of Stated Value—Common Stock |
1,950,000 |
|
Preferred Stock (8%, $50 par, noncumulative, 50,000 shares |
|
|
authorized) |
900,000 |
|
Retained Earnings |
1,958,000 |
|
Treasury Stock—Common (20,000 shares) |
80,000 |
Instructions
Prepare the stockholders” equity section of the balance sheet at December 31, 2012.