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The following are selected accounts for the Fresco Furniture after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All

The following are selected accounts for the Fresco Furniture after all Fiscal Year December 31, 2016, adjusting entries & closing entries have been posted. All balances are normal.

Account Amount
Common Stock, $6 par 180,000
Treasury Stock, at cost $10 per share 35,000
Dividends Payable 5,000
Paid in Capital in excess of par, Common Stock 35,000
Paid in Capial in excess of par, Peferred Stock 5,500
Retained Earnings 160,000
Bonds Payable 75,000
Preferred Stock, $100 par, 5% cumulative 55,000

On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

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