On December 31, 2020, Nakoma Inc. had the following account balances.

Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31, 2020. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement.

Transcribed Image Text:

Preferred stock, $100 par, 5,000 shares authorized... Paid in capital in excess of par-Preferred stock.... Common stock, $1 par, 250,000 shares authorized.. Paid in capital in excess of par-Common stock... Retained earnings Accumulated other comprehensive income Treasury stock, 1,200 shares. Noncontrolling interests $ 20,000 Cr. 80,000 Cr. 35,000 Cr. 480,000 Cr. 360,000 Cr. 48,000 Cr. 55,000 Dr. 5,000 Cr.