Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Equity Investments Income Summary Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss - Income

Problem 15-9 The following is a summary of all relevant transactions of Waterway Corporation since it was organized in 2017. In 2017, 15,500 shares were authorized and 6,300 shares of common stock ($60 par value) were issued at a price of $67. In 2018, 1,000 shares were issued as a stock dividend when the stock was selling for $70. 330 shares of common stock were bought in 2019 at a cost of $74 per share. These 330 shares are still in the company treasury, In 2018, 10,300 preferred shares were authorized and the company issued 4,900 of them ($100 par value) at $111. Some of the preferred stock was reacquired by the company and later reissued for $4,580 more than it cost the company. The corporation has earned a total of $625,600 in net income after income taxes and paid out a total of $291,800 in cash dividends since incorporation Prepare the stockholders' equity section of the balance sheet in proper form for Waterway Corporation as of December 31, 2019. Account for treasury stock using the cost method (Enter account name only. Do not provide descriptive information.) WATERWAY CORPORATION Stockholders Equity