Solve and explain any mathematical procedures.

The following accounts appear in the ledger of Horner Inc. after the books are closed at December 3 Common stock, no par, $2 stated value, 408,800 shares authorized; 305,200 shares issued 610,400 25,970 Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock 1,108,700 Preferred Stock, $5 par value, 8%, 37,750 shares authorized; 26,460 shares issued 132,300 Retained Earnings 751,200 Treasury Stock (13,900 common shares) 108,420 Paid-in Capital in Excess of Par-Preferred Stock 349,170 Prepare the stockholders' equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $118,850. (Enter account name only and do not provide descriptive information.) HORNER INC Balance Sheet (Partial) December 31, 20XX Stockholders' Equity