The financial statements of Wellman Employment Services, Inc., reported the

following accounts $($adapted$,$ with dollar amounts in thousands except for par value$)$:

Prepare the stockholders" equity section of Wellman's balance sheet. Net income has

already been closed to Retained Earnings.

Solution:

Stockholders' Equity $($Thousands$)$

Common stock, $$0\mathrm{.}01$ par, $300$ shares issued

Paid$-$in capital in excess. of par

Total paid$-$in capital

Retained

earnings

Other stockholders' equity

Total stockholders' equity