Prepare the Stockholders' Equity Section Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained eamings 1,500,000 Cash 125,000 10,000,000 Additional pald-in capital-common Additional paid capital-preferred Accounts payable 2,000,000 75,000 Accounts receivable 150,000 800,000 Common stock, $2 par Preferred stock, $10 par 600,000 Inventory 500,000 250,000 Treasury stock-common (40,000 shares) Accumulated other comprehensive income 48.000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. X Open spreadsheet Required: Prepare the stockholders' equity portion of Wildcat's balance sheet. Wildcat Drilling Balance Sheet (Partial) December 31 Required: Prepare the stockholders' equity portion of Wildcat's balance sheet. Wildcat Drilling Balance Sheet (Partial) December 31 Stockholders' equity: Additional paid-in capital: Total additional paid-in capital Total capital stock 101. Total stockholders' equity D E 1 A B Prepare the Stockholders' Equity Section Wildcat Drilling has the following accounts on its trial balance. NM+ Credit 1,500,000 10,000,000 2,000,000 75,000 DATA 5 Debit 6 Retained earnings 7 Cash 125,000 8 Additional paid-in capitalcommon 9 Additional paid-in capitalpreferred 10 Accounts payable 11 Accounts receivable 150,000 12 Common stock, $2 par 13 Preferred stock, $10 par 14 Inventory 500,000 15 Treasury stockcommon (40,000 shares) 250,000 16 Accumulated other comprehensive income 17 18 REQUIRED: 19 Prepare the stockholders' equity portion of Wildcat's balance sheet. 800,000 600,000 48,000 Type in the item descriptions and use formulas and cell references from the problem data to enter amounts. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWV2 for grading. 20 21 22 23 Wildcat Drilling 24 Balance Sheet (Partial) 25 December 31 Formulas 26 Stockholders' equity: 27 28 29 Additional paid-in capital: 30 31 32 Total additional paid-in capital 33 Total capital stock 34 35 36 37 Total stockholders' equity 38