Question Six:

The following accounts appear in the ledger of Alico Corporation after the books are closed at December $31,2019.$

Common Stock, $$2$ par value, $700,000$ shares authorized, $400,000$ shares

issued $....................................................................................$$$800,000$

Paid$-$in Capital in Excess of Par Value$$Common Stock $.........................\mathrm{.}750,000$

Preferred Stock, $$100$ par value, $8\%,10,000$ shares authorized; $2,000$ shares

issued $.....................................................................................\mathrm{.}200,000$

Retained Earnings $......................................................................\mathrm{.}1,000,000$

Treasury Stock $(10,000$ common shares$)............................................\mathrm{.}85,000$

Paid$-$in Capital in Excess of Par Value$$Preferred Stock $........................\mathrm{.}410,000$

Required: Prepare the stockholders' equity section at December $31,2019.$