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Pronghorn Corp has issued 96,000 shares of $5 par value common stock. It was authorized 506,000 shares. The paid-in capital in excess of par value
Pronghorn Corp has issued 96,000 shares of $5 par value common stock. It was authorized 506,000 shares. The paid-in capital in excess of par value on the common stock is $259,200. The corporation has reacquired 7,300 shares at a cost of $48,000 and is currently holding those shares. it also had accumulated other comprehensive income of $69,500.
The corporation also has 2,400 shares issued and outstanding of 9%, $100 par value preferred stock. It was authorized 10,900 shares. The paid-in capital in excess of par value on the preferred stock is $27,600. Retained earnings is $379,000.
Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.)
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