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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Patel Corporation at December 31, 2012. Common stock ($2 stated value) 1,600,000 Paid-in

The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Patel Corporation at December 31, 2012. Common stock ($2 stated value) 1,600,000 Paid-in capital in excess of par value--preferred stock 45,000 Paid-in capital in excess of stated value --common stock 1,050,000 Preferred stock (8%, $100 par, noncumulative) 600,000 Retained earnings 1,334,000 Treasury stock--common (12,000 shares) 72,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2012

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