Exercise 13-11

Prepare the stockholders equity section of the balance sheet at December 31, 2020 based on the below information.

The following stockholders equity accounts, arranged alphabetically, are in the ledger of Martinez Corporation at December 31, 2020.

Common Stock ($4 stated value)		$1,344,000
Paid-in Capital in Excess of ParPreferred Stock		275,000
Paid-in Capital in Excess of Stated ValueCommon Stock		895,000
Preferred Stock (8%, $100 par)		535,000
Retained Earnings		1,150,000
Treasury Stock (10,500 common shares)		126,000