Bruno Corporation's post-closing trial balance at December 31, 2014, is shown as follows:

 

BRUNO CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2014 Dr. Cr. $ 310,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) $ 480,000 185,000 1,300,000 160,000 30,000 300,000 1,450,000 190,000 200,000 4,000 560,000 400,000 500,000 40,000 301,000 170,000 Totals $3,290,000 $3,290,000 At December 31, 2014, Bruno had the following number of common and preferred shares. Common Preferred Authorized Issued Outstanding 600,000 200,000 190,000 60,000 10,000 10,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Instructions Prepare the stockholders' equity section of Bruno's balance sheet at December 31, 2014. (AICPA adapted)