Stockholders' Equity Section

1. Prepare the stockholders' equity section of the balance sheet.

After closing its books on December 31, Pro Parts' stockholders' equity accounts had the following balances:

Common stock subscriptions receivable		$5,140
Common stock, $5 par, 11,900 shares		59,500
Preferred stock, $10 par, 4%, 4,080 shares		40,800
Common stock subscribed, $5 par, 5,200 shares		26,000
Paid-in capital in excess of par-common stock		4,270
Retained earnings		37,380