Preparation of stockholders' equity section The following data relate to LeMaster Corporation as of December 31, 20XX, the close of the current accounting period:

• Preferred stockThe company has 1,000 shares of $50 par-value cumulative preferred stock authorized. The stock pays a 10% dividend; to date, 400 shares have been issued at $55 per share.
• Common stockA total of 25,000 shares of $1 stated-value common stock is authorized. To date, 10,000 shares have been issued at $10 per share, and an additional 3,000 shares have been subscribed to at $15 per share.

Assuming a retained earnings balance of $177,000, prepare the stockholders' equity section of LeMaster's December 31, 20XX balance sheet.

YOUR ANSWERS BASED UPON COURSE START DATE
Cost of goods manufactured
Beginning work in process
Manufacturing costs
Ending work in process
Cost of goods manufactured
Cost of goods sold
Beginning finished goods
Cost of goods manufactured
Ending finished goods
Cost of goods sold
Net income
Sales
Cost of goods sold
Operating expenses
Net income