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Monty Corporation has the following accounts at December 31: Common Stock, $9 par, 5,050 shares issued, $45,450; Paid-in Capital in Excess of ParCommon Stock $32,100;
Monty Corporation has the following accounts at December 31: Common Stock, $9 par, 5,050 shares issued, $45,450; Paid-in Capital in Excess of ParCommon Stock $32,100; Retained Earnings $50,000; and Treasury Stock, 500 shares, $11,500. Prepare the stockholders equity section of the balance sheet.
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