Please look at the picture to answer the question. If possible, give details on HOW you answered each part.

Thank you,

Anonymus

Exercise 11-8 Wells Fargo & Company, headquartered in San Francisco, is one of the nation's largest financial institutions. Suppose it reported the following selected accounts (in millions) as of December 31, 2014 Retained earnings Preferred stock Common stock-$12/3 par value, authorized 6,000,000,000 shares; issued 5,245,971,422 shares Treasury stock-67,346,829 common shares Paid-in capital in excess of par value-common stock $41,890 8,052 8,310 (2,550) 52,441 Prepare the stockholders' equity section of the balance sheet for Wells Fargo as of December 31, 2014 WELLS FARGO& COMPANY Partial Balance Sheet December 31, 2014 (in millions) Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 8052 Common Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Eanings 7 Less . Treasury Stock Total Stockholders' Equity