STOCKHOLDERS' EQUITY SECTION After closing its books on December 31, 20--, Merrill Corporation's stockholders' equity accounts have the following balances:

REQUIRED
Prepare the stockholders' equity section of the balance sheet for Merrill Corporation for the year ended December 31,20--.

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Balance Additional Information Account Preferred Stock Subscriptions Receivable $ 12,000 Common Stock Subscriptions Receivable 30,000 40,000 80,000 120,000 280,000 Preferred Stock Subscribed Common Stock Subscribed $4 dividend, $5 par, 8,000 shares $10 par, 8,000 shares $4 dividend, $5 par, 24,000 shares $10 par, 28,000 shares Preferred Stock Common Stock Paid-In Capital in Excess of Par-Preferred Stock 12,000 Paid-In Capital from Sale of Treasury Stock Common Treasury Stock Retained Earnings 1,150 24,000 88,000