Balance Sheet Preparation Using the following data, prepare a statement of stockholders equity for the company. Paid-in

Balance Sheet Preparation Using the following data, prepare a statement of stockholders’ equity for the company.

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Paid-in capital in excess of par, common stock Retained earnings Common stock ($1 par value, 8,400 shares issued, 8,000 outstanding). Treasury stock (400 shares of $1 common at cost of $45) Preferred stock ($20 par value, 2,500 shares issued and outstanding) $492,000 200,000 8,000 18,000 50,000