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Sarasota Corporation has issued 116,000 shares of $5 par value common stock. It authorized 580,000 shares. The paid-in capital in excess of par on the

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Sarasota Corporation has issued 116,000 shares of $5 par value common stock. It authorized 580,000 shares. The paid-in capital in excess of par on the common stock is $ 246,000. The corporation has reacquired 6,600 shares at a cost of $ 46,000 and is currently holding those shares. The corporation also has 2,000 shares issued and outstanding of 7%, $ 100 par value preferred stock. It authorized 10,000 shares. The paid-in capital in excess of par on the preferred stock is $ 21,500. Retained earnings is $ 372,000. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive Information provided in the question)

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