P12-7B The following stockholders’ equity accounts arranged alphabetically are in the ledger of Rizzo Corporation at December 31,2008.

Common Stock ($5 stated value) $2,500,000 Paid-in Capital from Treasury Stock 10,000 Paid-in Capital in Excess of Stated Value—Common Stock 1,600,000 Paid-in Capital in Excess of Par Value—Preferred Stock 679,000 Preferred Stock (8%, $50 par, noncumulative) 800,000 Retained Earnings 1,448,000 Treasury Stock—Common (10,000 shares)