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Current Attempt in Progress Blue Spruce Corp. has issued 93,000 shares of $5 par value common stock. It was authorized 506,000 shares. The paid-in capital
Current Attempt in Progress Blue Spruce Corp. has issued 93,000 shares of $5 par value common stock. It was authorized 506,000 shares. The paid-in capital in excess of par value on he common stock is $269,700. The corporation has reacquired 7,100 shares at a cost of $52,500 and is currently holding t shares. It also had accumulated other comprehensive income of $62,500. The corporation also has 2,500 shares issued and outstanding of 10%, $100 par value preferred stock. It was authorized 9,100 shares. The paid-in capital in excess of par value on the preferred stock is $28,750. Retained earnings is $362,000. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)
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