Using the following information prepare the stockholders' equity section of Hamilton's balance sheet:

Preferred Stock, $100 par value, 9% , 10,000 shares authorized, 6,000 shares issued and outstanding $600,000

Common Stock, $12 par value, 45,000 shares authorized, 30,000 shares issued and 28,500 shares outstanding $360,000

Additional Paid-in Capital - Common $194,000

Additional Paid in Capital Treasury Stock $4,200

Retained Earnings $23,000

Treasury Stock, Common 1,500 shares at cost $30,000