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Exercise 11-20 The following accounts appear in the ledger of Swifty Corporation after the books are closed at December 31, 2020. Common Stock, no par,

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Exercise 11-20 The following accounts appear in the ledger of Swifty Corporation after the books are closed at December 31, 2020. Common Stock, no par, $3 stated value, 417,000 shares authorized; 305,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $5 par value, 8%, 43,000 shares authorized; 25,000 shares issued Retained Earnings Treasury Stock (10,700 common shares) Paid-in Capital in Excess of Par-Preferred Stock Accumulated Other Comprehensive Loss $ 915,000 27,000 1,180,000 125,000 781,000 74,900 342,000 32,000 Swifty Corporation Balance Sheet (Partial)

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