Stockholders' Equity Section 1. Prepare the stockholders' equity section of the balance sheet for Jackson for the year ended December 31, 20--. After closing its books on December 31, 20--, Jackson Corporation's stockholders' equity accounts had the following balances:

Account

Balance

Additional Information

Preferred Stock Subscriptions Receivable

$16,150

Common Stock Subscriptions Receivable

10,550

Preferred Stock Subscribed

52,250

$4 dividend, $5 par, 10,450 shares

Common Stock Subscribed

30,000

$10 par, 3,000 shares

Preferred Stock

153,250

$4 dividend, $5 par, 30,650 Shares

Common Stock

240,000

$10 par, 24,000 shares

Paid-In Capital in Excess of Par-Preferred Stock

10,000

Paid-In Capital from Sale of Treasury Stock

1,160

Common Treasury Stock

9,200

Retained Earnings

73,450

1. Prepare the stockholders' equity section of the balance sheet for Jackson for the year ended December 31, 20--.

Jackson Corporation
Stockholders' Equity
December 31, 20--
Paid-in capital:
	$
		$
	$
Additional paid-in capital:
	$
Total paid-in capital		$
		$
	$
Total stockholders' equity		$