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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020. Common Stock ($6 stated value) $2,028,000 Paid-in
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020.
Common Stock ($6 stated value) $2,028,000
Paid-in Capital in Excess of ParPreferred Stock 280,000
Paid-in Capital in Excess of Stated ValueCommon Stock 946,000
Preferred Stock (8%, $104 par) 535,600
Retained Earnings 1,150,000
Treasury Stock (12,000 common shares) 144,000
Prepare the stockholders' equity section of the balance sheet at December 31, 2020.
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