Preparation of Stockholders' Equity Section Instructions Accounts, Labels and Amount Descriptions Balance Sheet Instructions Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, $20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000. Required: Prepare the stockholders'equity section of the balance sheet for Stahl Company. Preparation of Stockholders' Equity Section Instructions Accounts, Labels and Amount Descriptions Balance Sheet Instructions Accounts, Labels and Amount Descriptions Accounts Common stock Common stock, $2 par, 600,000 shares authorized, 75,000 shares issued and outstanding Preferred stock Preferred stock, 6% cumulative, $20 par, 80,000 shares authorized, 5,000 shares issued and outstanding Retained earnings Labels Additional paid-in capital December 31, 2019 For the year ended December 31, 2019 Stockholders' equity Amount Descriptions Total capital stock Total stockholders' equity Preparation of Stockholders' Equity Section Instructions Accounts, Labels and Amount Descriptions Balance Sheet Balance Sheet x Stahl Company Balance Sheet (Partial) (Label) 1 (Label) 2 3 4 (Label) 5 6 7 8 9