Exercise 11-9

The following stockholders equity accounts, arranged alphabetically, are in the ledger of Culver Corporation at December 31, 2017.

Common Stock ($4 stated value)		$2,720,000
Paid-in Capital in Excess of Par ValuePreferred Stock		76,500
Paid-in Capital in Excess of Stated ValueCommon Stock		1,785,000
Preferred Stock (8%, $100 par, noncumulative)		1,020,000
Retained Earnings		2,267,800
Treasury Stock (20,400 common shares)		122,400

Prepare the stockholders equity section of the balance sheet at December 31, 2017.