Prepare astockholder's equity section of the balance sheetby using the following information:

Prepare a stockholder's equity section of the balance sheet by using the following information: 1. Studley Inc. was organized and authorized to issue 10,000 shares of $100 par value, 5% percent preferred stock, and 150,000 shares of $1 par value common stock on September 1st, 2019 a. Issued 2,000 shares of preferred stock b. APIC - preferred 15,000 C. Issued 58,000 shares of common stock d. APIC - Common 154,000 e. APIC - Treasury 15,750 e. Had 3,000 shares of treasury stock at a cost of 39,000 f. Retained earnings had a balance of 16,500