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2. Tallman Company reports the following balances in its end of the year accounts of 2019: common Shares $5 par value, $50,000: Retained Earnings, $120,000;

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2. Tallman Company reports the following balances in its end of the year accounts of 2019: common Shares $5 par value, $50,000: Retained Earnings, $120,000; Additional Paid In Capital common Shares, $200,000; Income Taxes Payable, $9,800 and Accumulated Other Comprehensive Income, $24,500. Preferred Shares, 6 %, $10 par value $100,000; and Additional Paid-in-Capital in Excess of Par, preferred Shares $400,000. Required Prepare in good format, the Shareholders' Equity Section of the Balance Sheet

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