Page 2 2. The corporate charter of Moron, Inc. authorizes the issuance of 10,000 shares of preferred $4 stock, cumulative, $50 par, and 100,000 shares of $20 par common stock. At the end of the current year, the titles and balances of the stockholders' equity accounts are as follows: Paid-in Capital in Excess of Par- Common Stock.. Paid-in Capital in Excess of Par - Preferred Stock... Paid-in Capital from Sale of Treasury Stock (Cr. Retained Earnings... Treasury Stock (2,000 shares at cost). 400,000 12,000 10,000 200,000 515,000 40,000 Prepare the stockholders' equity section of the balance sheet as of the end of the current year