The following accounts appear in the ledger of Ozabal Inc. after the books are closed at December 31:

\section*{Instructions}
Prepare the stockholders' equity section at December 31 , assuming \(\$ 100,000\) of retained earnings is restricted for plant expansion.

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Common Stock (no-par, $1 stated value, 400,000 shares authorized, 300,000 shares issued) Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value Common Stock Preferred Stock ($5 par value, 8%, 40,000 shares authorized, 30,000 shares issued) Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in Excess of Par Value-Preferred Stock $ 300,000 75,000 1,200,000 150,000 900,000 60,000 244,000