prepare the stockholders rsquo equity section at december 31 assuming 100 000 of ret 575603

The following accounts appear in the ledger of Rosswell Inc. after the books are closed at December 31, 2010.

Common Stock (no par, $1 stated value, 400,000 shares authorized, 250,000 shares issued)	$ 250,000
Paid in Capital in Excess of Stated Value—Common Stock	1,200,000
Preferred Stock ($50 par value, 8%, 40,000 shares authorized, 12,000 shares issued)	600,000
Retained Earnings	700,000
Treasury Stock (10,000 common shares)	64,000
Paid in Capital in Excess of Par Value—Preferred Stock	24,000

Instructions

Prepare the stockholders’ equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion.