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Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year. Stockholders' Equity Paid-in capital Preferred 2%

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Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year. Stockholders' Equity Paid-in capital Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Retained earnings $10,000,000 500,000$10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 $127,340,000 ock (75,000 shares at cost) Dividends payable Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs Total stockholders' equity Prepare a corrected Stockholders' Equity section. Stockholders Equity Paid-In Capital: par (125.000 shares aut Previous Nex Check My Work

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