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Martinez Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued, $45,000; Paid-in Capital in Excess of ParCommon Stock $32,000;
Martinez Corporation has the following accounts at December 31: Common Stock, $9 par, 5,000 shares issued, $45,000; Paid-in Capital in Excess of ParCommon Stock $32,000; Retained Earnings $50,000; and Treasury Stock, 600 shares, $14,400. Prepare the stockholders equity section of the balance sheet.
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