Patterson Manufacturing Co. has the following selected account balances at September 30, 2018: Requirement Prepare the stockholders? equity section of the company?s balance sheet. Common

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Patterson Manufacturing Co. has the following selected account balances at September 30, 2018:

Requirement

Prepare the stockholders? equity section of the company?s balance sheet.

Common Stock, no par with $9 stated value, 90,000 shares authorized, issued, and outstanding. Accumulated Depreciation, Machinery and Equipment. Retained Earnings . Inventory.. Machinery and Equipment . Preferred Stock, 3%, $12 par, 20,000 shares authorized, 4,000 shares issued and outstanding.. Paid-in Capital in Excess of Stated Value-Common.. Cost of Goods Sold. . $146,000 85,000 $810,000 48,000 51,000 130,000 95,000 81,000