4) Assumption: JKL Corporation has issued 300,000 shares of $3 par value common stock. JKL Corporation has authorized to issue 600,000 shares. The paid-in capital in excess of par value on the common stock is $380,000. The corporation has reacquired 15,000 shares at a cost of $50,000 and is currently holding those shares It also had a cumulative other comprehensive loss of $82,000. The corporation also has 4,000 shares issued and outstanding of 8%,$100 par value preferred stock. It is authorized to issue 10,000 shares of preferred stocks. The paid-in capital in excess of par value on the preferred stock is $97,000. The Retained earnings is $610,000. Actions to take: 1. Prepare the Stockholder's Equity Section of the Balance Sheet