Wells Fargo & Company, headquartered in San Francisco, is one of the nation’s largest financial institutions. Suppose it reported the following selected accounts (in millions)

as of December 31, 2014.

Retained earnings $41,563 Preferred stock 8,485 Common stock—$12 3 par value, authorized 6,000,000,000 shares;

issued 5,245,971,422 shares 8,743 Treasury stock—67,346,829 common shares (2,450)

Paid-in capital in excess of par value—common stock 52,878 Instructions Prepare the stockholders’ equity section of the balance sheet for Wells Fargo as of December 31, 2014.

AppendixLO1