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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Kalmia Corporation at December 31, 2014. Common Stock ($5 stated value) $2,200,000 Paid-in
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Kalmia Corporation at December 31, 2014. Common Stock ($5 stated value) $2,200,000 Paid-in Capital in Excess of ParPreferred Stock 280,000 Paid-in Capital in Excess of Stated ValueCommon Stock 800,000 Preferred Stock (8%, $100 par, noncumulative) 500,000 Retained Earnings 1,334,000 Treasury StockCommon (10,000 shares) 120,000 Instructions: Prepare the stockholders' equity section of the balance sheet at December 31, 2014.
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