On December 31, Westworld Incorporated has the following equity accounts and balances. Preferred Stock Common Stock Treasury Stock $ 8,000 Retained Earnings 2,000 Paid-In Capital in Excess of Par Value, Common Stock 3,000 Paid-In Capital in Excess of Par Value, Preferred Stock Prepare the stockholders' equity section of Westworld's balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. WESTWORLD INCORPORATED Stockholders' Equity Section of Balance Sheet December 31 Total stockholders' equity $ 50,000 40,000 4,000

On December 31, Westworid Incorporated has the following equity accounts and balances. PreferredstockCommonStockTreasurystock$8,000RetainedEarnings2,000Paid-InCapitalinExcessofParValue,commonstock3,000paid-InCapitalinExcessofparValue,PreforredStock$50,000 Prepare the stockholders' equity section of Westworld's balance sheet. Note: Amounts to be deducted should be indicated by a minus sign