The following information is from the accounts of Rockefeller, Inc. at

December 31, 2013.

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

Paid-in Capital in Excess of Par Value--Common Stock 650,000

Preferred Stock, $100 par value, 8%, 10,000 shares

authorized 200,000

Retained Earnings at January 1, 2013 600,000

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

Paid-in Capital in Excess of Par Value--Preferred Stock 310,000

Cash dividends declared on preferred stock 80,000

Prior period adjustment that was recorded as a debit to

Retained Earnings for an error discovered from 2010 30,000

Net income for 2013 750,000

INSTRUCTIONS

a.Prepare a statement of retained earnings at December 31, 2013.

b.Prepare the stockholders' equity section at December 31, 2013.