Sandhill Corporation has the following capital structure at the beginning of the year: 4% Preferred stock, $50 par value, 20,000 shares authorized, 5,000 shares issued and outstanding Common stock, $10 par value, 60,000 shares authorized, 38,000 shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity $250,000 380,000 108,000 738,000 450,000 $1,188,000 Construct the stockholders' equity section incorporating all the above information. SANDHILL CORPORATION Balance Sheet (Partial)