Barron's AP United.... Paper Rater: Pre-Gr.... Bookmarks Bookmarks eBook exercise 12-2 Stockholders' Equity The accounts and balances that follow are from Hastings Corporation's records on December 31, 2014. Preferred Stock, $100 par value, 9 percent cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common Stock, $12 par value, 45,000 shares authorized, 30,000 shares issued, and 28,500 shares outstanding Additional Paid-in Capital Retained Earnings Treasury Stock, Common (1,500 shares, at cost) $600,000 360,000 194,000 23,000 30,000 Hide Prepare the stockholders' equity section of Hastings' balance sheet as of December 31, 2014 Hastings Corporation Balance Sheet (Stockholders' Equity) December 31, 2014 Contributed capital: Total contributed capital contributed capital and retained earnings equity