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Exercise 11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Flounder Corp. at December 31, 2017. Common Stock ($4 stated value)

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Exercise 11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Flounder Corp. at December 31, 2017. Common Stock ($4 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (6%, $100 par, noncumulative) Retained Earnings Treasury Stock (11,400 common shares) $1,520,000 42,750 997,500 570,000 1,267,300 68,400 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information

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