PART 3: Stockholders' Equity (4 points) Willy Corporation has issued 200,000 shares of $5 par value common st in excess of par on the common stock is $280,000. The corporation has reacquired 10,000 shares at a cost of $60,000 and is currently holding those shares. The corporation al 5,000 shares issued and outstandin in excess of par on the preferred stock is $30,000. Retained earnings is $600,000. ock. The paid-in capital so has g of 8%, $100 par value preferred stock The paid in capital Prepare the stockholders' equity section of the balance sheet. Stockholders Equity Paid in Capital Common Stock Preferred Stock Additional Paid In capital 1,000,000.00 500,000.00 Paid in capital in excess of par - common 280,000.00 Paid in capital in excess of par - preferred Retained Earnings Less: Treasury stocks 30,000.00 600,000.00 (60,000.00) Page 4 of 6