Prepare the stockholders equity section of the balance sheet under the following situations.

3. Kenley Inc. was organized and authorized to issue 25,000 shares of $100 par value, 6% percent preferred stock, and 250,000 shares of $1 par value common stock on June 1, 2019 a. Issued 2,000 shares of preferred stock b. APIC preferred 10,000 c. Issued 18,000 shares of common stock d. APIC-Common 124,000 e. Had 3,000 shares of treasury stock at a cost of 36,000 f. Retained earnings had a balance of 1,500