Exercise 11-8

Wells Fargo & Company, headquartered in San Francisco, is one of the nations largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2014.

Retained earnings		$41,563
Preferred stock		8,485
Common stock$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares		8,743
Treasury stock67,346,829 common shares		(2,450	)
Paid-in capital in excess of par valuecommon stock		52,878

Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2014.

Thank you