The following accounts appear in the ledger of Akram Inc. after the books are closed at December 31, 2018.

Common Stock, RS1 par value, 500,000 shares authorized, 400,000 shares

issued RS 400,000

Common Stock Dividends Distributable 60,000

Paid-in Capital in Excess of ParCommon Stock 650,000

Preferred Stock, RS 100 par value, 6%, 10,000 shares authorized; 2,000 shares

issued 200,000

Retained Earnings 920,000

Treasury Stock (10,000 common shares) 85,000

Paid-in Capital in Excess of ParPreferred Stock 310,000

Instructions

Prepare the stockholders' equity section at December 31, 2014, assuming that retained earnings is restricted for plant expansion in the amount of RS 200,000.