The December 31, 1998, trial balance of Yamey Corporation had the following account balances:

Present in proper form the stockholders' equity section of the balance sheet.

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Common Stock (no-par va ue; 200,000 shares authorized, issued, and outstanding, stated value of $20 per share) $4,000,000 Notes Payable (2% due May 1, 1999) 500,000 Retained Earnings, Unappropriated. 2,500,000 Dividends Payable in Cash (declared December 15, on preferred stock) 12,000 Appropriation per Loan Agreement 480,000 Preferred Stock (6%, par value $200; 2,000 shares authorized, issued, and outstanding! 400,000 Paid-In Capital in Excess of Stated Value-Common 300,000 Paid-In Capital in Excess of Par Value-Preferred. 40,000