B The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Charlotte Corporation at December 31, 2012.

Instructions Prepare the stockholders’ equity section of the balance sheet at December 31, 2012.

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Common Stock ($2 stated value, 1,800,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value Common Stock Preferred Stock (8%, $50 par, noncumulative, 50,000 shares authorized) Retained Earnings Treasury Stock Common (20,000 shares) $2,600,000 158,000 1,950,000 900,000 1,958,000 80,000