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Exercise 11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ayayai 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 Ayayai 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 (5%, $100 par, noncumulative) Retained Earnings Treasury Stock (22,800 common shares) $3,040,000 85,500 1,995,000 1,140,000 2,534,600 136,800 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) AYAYAI CORP Partial Balance Sheet

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