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Jennifer Corporation has issued 400,000 shares of $3 par value common stock. It authorized 600,000 shares. The paid-in capital in excess of par on the

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Jennifer Corporation has issued 400,000 shares of $3 par value common stock. It authorized 600,000 shares. The paid-in capital in excess of par on the common stock is $330,000. The corporation has reacquired 19,000 shares at a cost of $80,000 and is currently holding those shares. Treasury stock was reissued in prior years for $92,000 more than its cost. The corporation also has 6,000 shares issued and outstanding of 8%, $130 par value preferred stock. It authorized 10,000 shares. The paid-in capital in excess of par on the preferred stock is $65,000. Retained earnings is $650,000. Prepare the stockholders' equity section of the balance sheet

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