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Prepare the Stockholders' Equity Section Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained earnings 1,500,000 Cash 125,000 10,000,000 Additional paid-in
Prepare the Stockholders' Equity Section Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained earnings 1,500,000 Cash 125,000 10,000,000 Additional paid-in capital-common Additional paid-in capital-preferred 2,000,000 Accounts payable 75,000 Accounts receivable 150,000 Common stock, $2 par 800,000 Preferred stock, $10 par 600,000 Inventory 500,000 250,000 Treasury stock-common (40,000 shares) Accumulated other comprehensive income 46,500 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 Total stockholders' equity
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