Foley Corporation has the following capital structure ar the begining of the year:

4% preferred stock $50 par value 20000 shares authorized 7000 shares issued and outstanding $350000

Common stock $10 par value 60000 shares authorized 40000 shares issued and outstanding 400000

Paid in Capital in excess par 112000

total paid in capital 862000

retained earnings 432000

total stockholders equity 1294000

1. Construct the stockholders equity section incorporating all the above information.