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The following stockholders equity accounts, arranged alphabetically, are in the ledger of Flint Corporation at December 31, 2022. Common Stock ($2 stated value) $2,800,000 Paid-in
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Flint Corporation at December 31, 2022.
Common Stock ($2 stated value) | $2,800,000 | |
Paid-in Capital in Excess of Par ValuePreferred Stock | 78,750 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 1,837,500 | |
Preferred Stock (6%, $100 par, noncumulative) | 1,050,000 | |
Retained Earnings | 2,334,500 | |
Treasury Stock (21,000 common shares) | 126,000 |
Prepare the stockholders equity section of the balance sheet at December 31, 2022.
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