Exercise 15-17

Carla Corporation's post-closing trial balance at December 31, 2017, is shown as follows.

Exercise 15-17 Carla Corporation's post-closing trial balance at December 31, 2017, is shown as follows. CARLA CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable $ 416,000 Accounts receivable $ 497,000 Accumulated depreciationbuildings 178,000 Additional paid-in capital in excess of parcommon 1,267,000 From treasury stock 173,000 Allowance for doubtful accounts 30,000 Bonds payable 274,000 Buildings 1,404,000 Cash 181,000 Common stock ($1 par) 188,000 Dividends payable (preferred stockcash) 4,000 Inventory 612,000 Land 429,000 Preferred stock ($50 par) 500,000 Prepaid expenses 40,000 Retained earnings 315,000 Treasury stock (common at cost) 182,000 Totals $3,345,000 $3,345,000 At December 31, 2017, Carla had the following number of common and preferred shares. Common Preferred Authorized 564,000 60,000 Issued 188,000 10,000 Outstanding 179,000 10,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Carla's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) CARLA CORPORATION Stockholders' Equity $ : $