Chapter 13 Homework Stockholders' Equity Section of Balance Sheet Below is the stockholders' Equity section of the balance sheet prepared as of the end of the current year $10,000,000 500,000 Stockholders' Equity Pald-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Retained earnings Treasury stock (75,000 shares at cost) Dividends payable Total paid-in capital Common stock, 520 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs Total stockholders' equity Prepare a corrected Stockholders' Equity section. $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 $127,340,000 Stockholders' Equity Paid-in Capital Preferred 2% stock, 580 par (125,000 shares authorized and issued) 10,000,000 Paid-in Capital, Preferred Stock Common stock, 520 par 1,000,000 shares authorized, 825,000 shares issued) U Total paid-in capital Total Total stockholders' equity