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As of December 31, 20., the balances of the stockholders' equity accounts of Higble Auto Inc. were as follows: Common stock, $6 par (30,000 shares

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As of December 31, 20., the balances of the stockholders' equity accounts of Higble Auto Inc. were as follows: Common stock, $6 par (30,000 shares authorized, 13,000 shares issued) Pald in capital in excess of par-common stock $17,000 Common treasury stock (2,000 shares at $6 per share) Preferred stock, 5%, $12 par (16,000 shares authorized, 5,000 shares issued) Paid in capital in excess of par preferred stock $6,000 Preferred stock subscribed (2,000 shares) Retained earnings $48,000 Required: Based on this information, prepare the stockholders equity section of the Higbie Auto Inc. balance sheet as of December 31, 20- Higbie Auto Inc Balance Sheet (partial December 31, 20 Paid-in ranital:

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