E 20-5B (L04) Total paid-in capital: $220,000 STOCKHOLDERS' EQUITY SECTION After closing its books on December 31, Mel Brothers' stockholders' equity accounts have the following balances: Common stock subscriptions receivable 6,000 90,000 Common stock, $6 par 15,000 shares Preferred stock, $10 par, 8%, 10,000 shares 100,000 Common stock subscribed $6 par, 5,000 shares 30,000 Retained earnings 50,000 Prepare the stockholders' equity section of the balance sheet. SERIES B PROBLEMS E 20-5B (L04) Total paid-in capital: $220,000 STOCKHOLDERS' EQUITY SECTION After closing its books on December 31, Mel Brothers' stockholders' equity accounts have the following balances: Common stock subscriptions receivable 6,000 90,000 Common stock, $6 par 15,000 shares Preferred stock, $10 par, 8%, 10,000 shares 100,000 Common stock subscribed $6 par, 5,000 shares 30,000 Retained earnings 50,000 Prepare the stockholders' equity section of the balance sheet. SERIES B PROBLEMS