The following stockholders’ equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2014.
|
Common Stock ($5 stated value) |
$2,000,000 |
|
Paid-in Capital from Treasury Stock |
10,000 |
|
Paid-in Capital in Excess of Par—Preferred Stock |
679,000 |
|
Paid-in Capital in Excess of Stated Value—Common Stock |
1,600,000 |
|
Preferred Stock (8%, $50 par, noncumulative) |
800,000 |
|
Retained Earnings |
1,748,000 |
|
Treasury Stock (10,000 common sham) |
130,000 |
Instructions
Prepare a stockholders’ equity section at December 31, 2014.