The following accounts appear in the ledger of Planter Inc. after the books are closed at December 31, 2003. (10 marks)

Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares issued $400,000

Treasury Stock (10,000 common shares) 75,000

Long term investments 50,000

Common Stock Dividends Distributable 60,000

Paid-in Capital in Excess of Par ValueCommon Stock 550,000

Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 3,000 shares issued 300,000

Deferred income tax 25,000

Retained Earnings 650,000

Paid-in Capital in Excess of Par ValuePreferred Stock 310,000

Prepare the stockholders' equity section at December 31, 2003 in the classified balance sheet (IFRS format and order), assuming that retained earnings is restricted for plant expansion in the amount of $200,000.