The following stockholders’ equity accounts arranged alphabetically are in the ledger of Dillon Corporation at December 31, 2012.
|
Common Stock ($10 stated value) |
$1,200,000 |
|
Paid in Capital from Treasury Stock |
6,000 |
|
Paid in Capital in Excess of Stated Value—Common Stock |
690,000 |
|
Paid in Capital in Excess of Par—Preferred Stock |
288,400 |
|
Preferred Stock (8%, $100 par, noncumulative) |
300,000 |
|
Retained Earnings |
826,000 |
|
Treasury Stock (8,000 common shares) |
88,000 |
Instructions
Prepare a stockholders’ equity section at December 31, 2012.