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Reporting Stockholders' Equity On December 31, 2020, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized $28,000 Cr. Paid-in capital
Reporting Stockholders' Equity On December 31, 2020, Nakoma Inc. had the following account balances. Preferred stock, $100 par, 5,000 shares authorized $28,000 Cr. Paid-in capital in excess of par-Preferred stock 112,000 Cr. Common stock, $1 par. 250,000 shares authorized 49,000 Cr. Paid-in capital in excess of par-Common stock 672.000 Cr Retained earnings 504,000 Cr. Accumulated other comprehensive income 67.200 C Treasury stock, 1,680 shares 77.000 Dr Noncontrolling interests 7.000 Cr. Prepare the stockholders' equity section of the balance sheet for Nakoma Inc. on December 31, 2020. State the par value per share, and the number of shares authorized, issued, and outstanding for common stock and preferred stock on the face of the statement. Balance Sheet (excerpt) December 31, 2020 Stockholders' equity Common stock ($1 par value, 250,000 shares authorized, shares issued shares outstanding) 5 Preferred stock (5100 par value, 5,000 shares authorized, shares issued and outstanding) Paid-in capital in excess of par Retained earnings Accumulated other comprehensive income Less: Treasury stock, 1,680 shares Total equity attributable to Nakoma Inc. stockholders Equity attributable to noncontrolling interests Total stockholders' equity
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