Nash Company has the following accounts among the items on its balance sheet at December 31, 2012:

Question:

Common Stock, $10 par, 10,000 shares authorized, 9,000 issued, 8,000 outstanding Preferred Stock, $100 par, 8%, cumulative, 1,000 shares authorized, issued, and outstanding

Cash Dividend Payable...........................................$ 50,000

Retained Earnings..................................................100,000

Additional Paid-In Capital.......................................200,000

Investment in Common Stock of Horton Company............60,000

Treasury Stock, 1,000 shares, common stock...................20,000

Accumulated Other Comprehensive Income-Unrealized

Gain on Investment Security.......................................5,000

Required

Develop the Stockholders' Equity section of the balance sheet for Nash Company at December 31, 2012.

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