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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of DC Corporation at December 31, 2014. Common Stock ($10 stated value) $5,000,000 Paid-in
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of DC Corporation at December 31, 2014.
Common Stock ($10 stated value) $5,000,000
Paid-in Capital in Excess of Par Value--Preferred Stock $90,000
Paid-in Capital in Excess of Stated Value--Common Stock $2,100,000
Preferred Stock (8%, $100 par, noncumulative) $2,000,000
Retained Earnings $3,268,000
Treasury Stock--Common (20,000 shares) $196,000
Instructions: Prepare the stockholders' equity section of the balance sheet at December 31, 2014.
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