Fill in the blanks in the form and tell me how each number is calculated.

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The following stockholders' equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2017 Common Stock ($5 stated value) Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $50 par) Retained Earnings Treasury Stock (10,000 common shares) $2,000,000 10,000 679,000 1,600,000 800,000 1,748,000 130,000 Instructions Prepare the stockholders' equity section at December 31, 2017 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a ?". GALINDO CORPORATION Stockholders' equity Paid-in capital Capital stock 8% Preferred stock, $50 par noncumulative 16,000 shares issued and outstanding Common stock, no par, $5 stated value 400,000 shares issued and 390,000 outstanding Value Value Total capital stock Additional paid-in capital In excess of par-preferred stock In excess of stated value-common stock From treasury stock Value Value Value Total additional paid-in capital Total paid-in capital Total paid-in capital and retained earnings Total stockholders' equity Retained earnings Value 13-32 Less: Treasury stock (10,000 shares) Value