Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. It reported the following selected accounts (in millions) as of December 31, 2006.
|
Retained earnings |
$35,277 |
|
Preferred stock |
384 |
|
Common stock—$123 par value, authorized 6,000,000,000 shares; |
5,788 |
|
Treasury stock—95,612,189 shares |
(3,203) |
|
Additional paid in capital—common stock |
7,739 |
Instructions
Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2006.