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Prepare the stockholders equity section of the balance sheet? Prince Inc.s Charter authorizes 700,000 shares. To date, 400,000 shares of $4 par common stock have

Prepare the stockholders equity section of the balance sheet?

Prince Inc.s Charter authorizes 700,000 shares.

To date, 400,000 shares of $4 par common stock have been issues.

The paid-in capital in excess of par value on the common stock is $680,000.

The corporation has reacquired 20,000 shares at a cost of $50,000.

It also had a cumulative other comprehensive loss of $130,000. The corporation also has 5,000 shares issued and outstanding of 6%, $100 par preferred stock. It is authorized to issue 10,000 shares. The paid-in capital in excess of par on the preferred stock is $80,000. Retained earnings is $930,000.

Prepare the stockholders equity section of the balance sheet.

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