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5. Houston Corporation reported its stockholders' equity information for the year 2018 as follows: Common stock of $5 par value, 100,000 shares authorized. 50,000

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5. Houston Corporation reported its stockholders' equity information for the year 2018 as follows: Common stock of $5 par value, 100,000 shares authorized. 50,000 shares issued and outstanding $250,000 Additional paid-in capital 125,000 Retained earnings 400,000 Treasury stock 2,500 shares at cost $7 Net income for the year 80,000 Prepare the stockholders' equity section of the balance sheet as it should appear on December 31, 2018.

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