Preparation of Stockholders' Equity Section Stahl Company was incorporated as a new business in January. 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. In February, 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 was $500,000 Required: Prepare the stockholders' equity section of the balance sheet for Stahl Company. Stahl Company Balance Sheet (Partial) December 31, 20x1 Stockholders' equity Additional paid-in capital: Total additional paid-in capital Total capital stock Total stockholders' equity 100002