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, 2017.

Retained earnings		$40,300
Preferred stock		8,150
Common stock$1 2/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares		8,365
Treasury stock67,346,829 common shares		(2,330	)
Paid-in capital in excess of par valuecommon stock		52,300
Accumulated Other Comprehensive Income		8,215

Prepare the stockholders equity section of the balance sheet for Wells Fargo as of December 31, 2017