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Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year: Stockholders'

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Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year: Stockholders' Equity Pald-in capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued) $5,640,000 Excess of issue price over par 375,000 $6,015,000 Retained earnings 72,525,000 Treasury stock (56,000 shares at cost) 868,000 Dividends payable 323,000 Total paid-in capital $79,731,000 Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) 6,623,000 Organizing costs 225,000 Total stockholders' equity $86,579,000 Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement. Stockholders' Equity Pald-In Capital: Check My Work 225,000 Organizing costs Total stockholders' equity $86,579,000 Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement. Stockholders' Equity Paid-In Capital: a B Total paid-in capital Total stockholders' equity

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