The following accounts and balances are from the records of Guard Corporation on December 31, 20xx:

Prepare the stockholders’ equity section for Guard Corporation’s balance sheet as of December 31, 20xx.
Characteristics of Common and Preferred Stock

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Balance Preferred Stock, $100 par value, 9 percent cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000 Common Stock, $12 par value, 45,000 shares authorized, 30,000 shares issued, and 28,500 shares outstanding Additional Paid-in Capital Retained Earnings Treasury Stock, Common (1,500 shares, at cost) 360,000 194,000 23,000 30,000