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The following stockholders equity accounts, arranged alphabetically, are in the ledger of Martinez Corp. at December 31, 2017. Common Stock ($2 stated value) $1,920,000 Paid-in

The following stockholders equity accounts, arranged alphabetically, are in the ledger of Martinez Corp. at December 31, 2017.

Common Stock ($2 stated value) $1,920,000
Paid-in Capital in Excess of Par ValuePreferred Stock 54,000
Paid-in Capital in Excess of Stated ValueCommon Stock 1,260,000
Preferred Stock (7%, $100 par, noncumulative) 720,000
Retained Earnings 1,600,800
Treasury Stock (14,400 common shares) 86,400

Prepare the stockholders equity section of the balance sheet at December 31, 2017.

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