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Brief Exercise 11-8 Sarasota Corp. has these accounts at December 31: Common Stock, $10 par, 5,900 shares issued, $59,000; Paid-in Capital in Excess of Par

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Brief Exercise 11-8 Sarasota Corp. has these accounts at December 31: Common Stock, $10 par, 5,900 shares issued, $59,000; Paid-in Capital in Excess of Par Value $19,400, Retained Earnings $44,400; and Treasury Stock, 540 shares, $11,880. Prepare the stockholders' equity section of the balance sheet. 31

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