Stockholders' Equity Section of Balance Sheet

Common Stock, $$10$ par

$$760,000$

Paid$-$In Capital in Excess of Par$-$Common Stock

$238000$

Paid$-$In Capital in Excess of Par$-$Preferred Stock

Paid$-$In Capital from Sale of Treasury Stock$-$Common

Preferred $4\%$ Stack, $$50$ par

$79,800$

$57,300$

Retained Earnings

$1,330,000$

Retained Earnings

$2,995,200$

Treasury Stock$-$Common

$49,500$

Shares authorized are One hundred thousand of preferred and $400,000$ shares of common stock. There are $4,500$ shares of common stock held as treasury stock.

Prepare the "Stockholders' Equity" section of the balance sheet as of November $30.$

Premium Imports Inc.

Stockholders' Equity Section of the Balance Sheet

November $30$

Conitributed capital:

Preferred $4\%$ stock, $$50$ par $(100,000$ shares authorized, $26,600$ shares issued$)$

Paid$-$in capital in excess of par$-$preferred stock

Common stock, $$10$ par $(400,000$ shares authorized, $76,000$ shares issued$)$

Paid$-$in capital in excess of par$-$common stock

Paid$-$in capital from treasury stock$-$common

Total contributed capital

Deduct treasury common stock $(4,500$ shares at cost$)$

Total stockholders' equity