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As of December 31, 20X1, information for the stockholders equity accounts of Frontier Company was as follows: Common Stock, $1 par (800,000 shares authorized, 30,000

As of December 31, 20X1, information for the stockholders equity accounts of Frontier Company was as follows:
Common Stock, $1 par (800,000 shares authorized, 30,000 shares issued)
Paid-In Capital in Excess of ParCommon Stock $200,000
Common Treasury Stock (1,000 shares at $15 per share)
Preferred Stock, 5%, $15 par (10,000 shares authorized, 1,500 shares issued)
Paid-In Capital in Excess of ParPreferred Stock $70,000
Preferred Stock Subscribed (1,000 shares)
Retained Earnings $400,000
Required: Based on the above information, prepare the stockholders equity section of Frontier Companys balance sheet as of December 31, 20X1
Frontier Company
Balance Sheet (partial)
Complete Date
Stockholders Equity
Paid-In Capital:
$ -
$ - $ -
$ -
Additional Paid-In Capital:
$ -
$ - $ -
$ -
$ -
$ -
$ -
Total Stockholders Equity $ -

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