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Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred stock (8%, $100 par norcumulative,

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Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Miley Corporation on January 1, 2014, were as follows. Preferred stock (8%, $100 par norcumulative, 5,100 shares authorized) 306,000 Common Stock ($5 stated value, 291,700 shares authorized) 1,166,800 Paid-in Capital in Excess of Par Value-Preferred Stock 15,300 Paid-in Capital in Excess of Stated Value-Common Stock 466,720 Retained Earnings 695,300 Treasury Stock-(5,100 common shares) 40,800

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