Question Content Area

Prepare the Stockholders' Equity Section

Sabina Investigations has the following accounts on its trial balance.

	Debit	Credit
Retained earnings				1,500,000
Cash		125,000
Additional Paid-in CapitalCommon				10,000,000
Additional Paid-in CapitalPreferred				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
Treasury stockcommon (40,000 shares)		250,000
Accumulated other comprehensive income				50,500

Required:

Prepare the stockholders' equity portion of Sabina's balance sheet.