Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, $20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.

Required:

Prepare the stockholders equity section of the balance sheet for Stahl Company.

Accounts
Common stock
Common stock, $2 par, 600,000 shares authorized, 75,000 shares issued and outstanding
Preferred stock
Preferred stock, 6% cumulative, $20 par, 80,000 shares authorized, 5,000 shares issued and outstanding
Retained earnings
Labels
Additional paid-in capital
December 31, 2019
For the year ended December 31, 2019
Stockholders equity
Amount Descriptions
Total capital stock
Total stockholders equity

Preparation of Stockholders' Equity Section Balance Sheet Instructions as a new business on January 1 ralue, cumulaive preferred On January 1, 2019, Stat o mpany as inco po ale 88 a new bu ine 8 on January 1 2019. The company is authorized lo sue 600,000 shares of S2 ahare and 5,000 shaes of preferned stock tor $25 per share Net income for the year anded December 31, 2019, w23 5500,000 value co non stock and 80,000 shares of 6% 520 pa value. cu mula ve p efered stek. On January 1, 2019 e company issued 75 000 e ares o com on 81 ck fr S 15 p Prepare me stoclkholisers equty sechion or the balence sheet for Stani Company Balance Sheet Accounts, Labels and Amount Descripbons Prepare me stockhalders' eauty sechon of the balance sheet for Stahl Company Common stock Common stock S2 par, 600,000 shares auhorzed, 75 0c shares issued and outstanding Preferred stock Preferred stock, 6% cumulative. S20 par, 00,000 shares authorized, 5,000 shares issued and Stahl Company Balance Sheet (Parfal) (Label) Retained eanings Labels Addtional paid in capital December 31,2019 For the year ended December 31 2019 Stockholders' equuty Label Tolal captal stock Total stockholders equity