The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Selig Corporation at December 31, 2010.

Common Stock ($5 stated value, 800,000 shares authorized)

$2,900,000

Paid in Capital in Excess of Par Value—Preferred Stock

158,000

Paid in Capital in Excess of Stated Value—Common Stock

1,500,000

Preferred Stock (8%, $50 par, noncumulative, 50,000 shares
authorized)

900,000

Retained Earnings

1,958,000

Treasury Stock—Common (20,000 shares)

200,000

Instructions

Prepare the stockholders’ equity section of the balance sheet at December 31, 2010.