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Pharoah Company has the following capital stock outstanding at December 31, 2020: 9% Preferred stock, $100 par value, cumulative 13,500 shares issued and outstanding

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Pharoah Company has the following capital stock outstanding at December 31, 2020: 9% Preferred stock, $100 par value, cumulative 13,500 shares issued and outstanding Common stock, no par, $10 stated value, 600,000 shares authorized, 450,000 shares issued and outstanding $1,350,000 4,500,000 The preferred stock was issued at $124 per share. The common stock was issued at an average per share price of $12. Prepare the paid-in capital section of the balance sheet at December 31, 2020. PHAROAH COMPANY Balance Sheet (Partial) December 31, 2020 Paid-in Capital Common Stock Preferred Stock Additional Paid-in Capital +A LA $ > > > > > > > > > > > $

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