Company sold 50,000 shares of common stock, $5 par value for $8 per share, and 10,000 Shares of Series A Preferred Stock, $50 par value for $60 per share. Retained earnings are $150,000.

Prepare the stockholders equity section of the company balance sheet.

Joes Inc. has common and preferred stock outstanding:

Preferred Stock, 25,000 shares with a $50 par value

Common Stock, 100,000 shares with a $10 par value

Additional Paid-in Capital Common Stock of $500,000

Additional Paid-in Capital Preferred Stock of $250,000

Retained Earnings of $1,000,000

Calculate the book value of common stock. Show all calculations.