As of December 31, 20--, information for the stockholders' equity accounts of Dance Company was as follows:

• Common Stock, $1 par (700,000 shares authorized, 20,000 shares issued)
• Paid-In Capital in Excess of Par?Common Stock $180,000
• Common Treasury Stock (500 shares at $10 per share)
• Preferred Stock, 5%, $10 par (10,000 shares authorized, 1,500 shares issued)
• Paid-In Capital in Excess of Par?Preferred Stock $60,000
• Preferred Stock Subscribed (1,000 shares)
• Retained Earnings $300,000

Directions: Based on this information, prepare the stockholders' equity section of Dance Company's balance sheet as of December 31, 20--.

Stockholders' Equity PaidIn Capital: Preferred Stock, 5%, $10 Par (10,00 shares authorized) 1,500 shares issued) $ Preferred Stock Subscribed (1,000 shares) $ $ Common Stock, $1 par (700,00 shares authorized, 20,000 shares issued) $ Additional PaidIn Capital: PaidIn Capital of Excess of Par Preferred Stock $ PaidIn Capital of Excess of Par Common Stock$ Total PaidIn Capital $ Retained Earnings $ $ Less Common Treasury Stock (500 shares at cost) $ Total Stockholders' Equity $