A partial list of the accounts and ending account balances taken from the post closing trial balance of the Jordan Corporation on December 31, 2007 is shown as follows:
Account Title Amount
Retained earnings ................ $410,000
Bonds payable .................. 220,000
Common stock subscribed .............. 60,000
Long-term investments in stock .......... 210,000
Additional paid-in capital on common stock ...... 460,000
Premium on bonds payable .............. 30,000
Common stock ................. 500,000
Preferred stock subscribed ............. 35,000
Additional paid-in capital on preferred stock ....... 112,000
Preferred stock .................. 300,000
Additional paid-in capital from treasury stock ...... 4,000
Unrealized increase in value of securities available for sale . 3,000
Common stock option warrants ............. 20,000

Additional information:
1. Common stock is no-par, with a stated value of $10 per share, 90,000 shares are authorized, 50,000 shares are issued and outstanding, 6,000 shares have been subscribed at a price of $28 per share.
2. Preferred stock has a $50 par value, 8,000 shares are authorized, 6,000 shares are issued and outstanding, 700 shares have been subscribed at a price of $70 per share. Each share is cumulative, convertible into five shares of common stock, and pays a 7% annual dividend. Dividends are not in arrears.
3. Bonds payable mature on July 1, 2019. They carry a 12% annual interest rate, payable semiannually. The premium is being amortized using the straight-line method.

Required
Prepare the contributed capital section of the December 31, 2007 balance sheet for the Jordan Corporation. Include appropriate parenthetical notes for the common and preferred stock.