Print Item Question Content Area Stockholders' Equity Section of Balance Sheet Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year Stockholders Equity Paid in capital Preferred 2 stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued) 17,655,000 Organizing costs 300,000 Total stockholders' equity $127,340,000 Prepare a corrected Stockholders' Equity section Stockholders' Equity Paid In Capital blank CashDividends PayablePreferred 2 stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost) $ Select blank CashDividends PayableExcess Over ParOrganizational CostsRetained Earnings Select blank blank CashDividends PayablePaid in Capital, Preferred StockOrganizational CostsRetained Earnings blank $ Select blank CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Organizational CostsRetained EarningsTreasury stock (75,000 shares at cost) $ Select blank CashDividends PayableExcess Over ParRetained EarningsTreasury stock (75,000 shares at cost) Select blank blank CashDividends PayablePaid in Capital, Common StockOrganizational CostsRetained Earnings blank Select blank Total paid in capital blank $fill in the blank 13 CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2 stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost) blank Select Total blank $fill in the blank 16 Dividends PayableCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2 stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost) blank Select Total stockholders' equity blank $fill in the blank 19

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Stockholders' Equity Section of Balance Sheet

Below is the Stockholders' Equity section of the balance sheet prepared as of the end of the current year.

Stockholders Equity
Paid-in capital:
Preferred 2% stock, $80 par (125,000 shares authorized and issued)	$10,000,000
Excess of issue price over par	500,000	$10,500,000
Retained earnings		96,700,000
Treasury stock (75,000 shares at cost)		1,755,000
Dividends payable		430,000
Total paid-in capital		$109,385,000
Common stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)		17,655,000
Organizing costs		300,000
Total stockholders' equity		$127,340,000

Prepare a corrected Stockholders' Equity section.

Stockholders' Equity
Paid-In Capital:		blank
CashDividends PayablePreferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)	$- Select -	blank
CashDividends PayableExcess Over ParOrganizational CostsRetained Earnings	- Select -	blank	blank
CashDividends PayablePaid-in Capital, Preferred StockOrganizational CostsRetained Earnings	blank	$- Select -	blank
CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Organizational CostsRetained EarningsTreasury stock (75,000 shares at cost)	$- Select -	blank
CashDividends PayableExcess Over ParRetained EarningsTreasury stock (75,000 shares at cost)	- Select -	blank	blank
CashDividends PayablePaid-in Capital, Common StockOrganizational CostsRetained Earnings	blank	- Select -	blank
Total paid-in capital		blank	$fill in the blank 13
CashCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)		blank	- Select -
Total		blank	$fill in the blank 16
Dividends PayableCommon stock, $20 par (1,000,000 shares authorized, 825,000 shares issued)Preferred 2% stock, $80 par (125,000 shares authorized and issued)Retained EarningsTreasury stock (75,000 shares at cost)		blank	- Select -
Total stockholders' equity		blank	$fill in the blank 19