Prepare the December 31, 2012, stockholders' equity section of the balance sheet assuming that the company reports net income of $72,500 for the year.

Use a negative sign with your answer for treasury stock.

Stockholders' Equity
Paid-in capital
8% Preferred stock, $22 par value, 50,000 shares authorized, 5,000 shares issued and outstanding	Answer
Common stock, $5 par value, 350,000 shares authorized; 130,000 shares issued	Answer	Answer
Additional paid-in capital
Paid-in capital in excess of par value-preferred stock	Answer
Paid-in capital in excess of par value-common stock	Answer
Paid-in capital from treasury stock	Answer	Answer
Total paid-in capital		Answer
Retained earnings		Answer
		Answer
Less: Treasury stock (2,500 shares) at cost (use a negative sign with your answer)		Answer
Total Stockholders' Equity		Answer