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The following stockholders equity accounts, arranged alphabetically, are in the ledger of Sheffield Corp. at December 31, 2022. Common Stock ($4 stated value) $2,480,000 Paid-in
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Sheffield Corp. at December 31, 2022.
Common Stock ($4 stated value) | $2,480,000 | |
Paid-in Capital in Excess of Par ValuePreferred Stock | 69,750 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 1,627,500 | |
Preferred Stock (5%, $100 par, noncumulative) | 930,000 | |
Retained Earnings | 2,067,700 | |
Treasury Stock (18,600 common shares) | 111,600 |
Prepare the stockholders equity section of the balance sheet at December 31, 2022
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