Develop Stockholders’ Equity Nash Company has the following accounts among the items on the balance sheet at January 1, 2010:

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 Retained Earnings $100,000 Additional Paid-In Capital 200,000 Treasury Stock, 1,000 shares, common stock 20,000 During 2010, the company issued 500 shares of common stock at $14 per share and reissued 400 shares of treasury stock at $20 per share. The company reported a net income of $60,000 for 2010.

Required Develop the Statement of Stockholders’ Equity section for Nash Company at December 31, 2010.

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