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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 $32,000 Cr. Pald-in capital
Reporting Stockholders' Equity On December 31, 2020, Nakoma Inc. had the following account balances. Preferred stock, $100 par. 5,000 shares authorized $32,000 Cr. Pald-in capital in excess of par-Preferred stock 128,000 Cr. Common stock $1 par, 250,000 shares authorized 56,000 Cr. Paid in capital in excess of par-Common stock 768,000 CM. Retained earnings 576,000 Cr. Accumulated other comprehensive income 76,800 Cr. Treasury stack, 1,920 shares 88,000 Dr. Noncontrolling interests 8,000 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) $ Preferred stock ($100 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, 1,920 shares Total equity attributable to Nakorna Inc, stockholders Equity attributable to noncontrolling interests Total stockholders' equity
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