Week $4$ Assignment $3$: Stockholders' Equity

Based on the following data, complete the Stockholder's Equity section of the Balance Sheet:

Preferred Stock: $7\%,$$$10$ par, $20,000$ shares authorized, $14,000$ shares issued

Common Stock: $$10$ par, $40,000$ shares authorized, $20,000$ shares issued

Paid$-$In Capital in Excess of Par $-$ Common Stock: $$50,000$

Retained Earnings: $$600,000$

Common Treasury Stock $($At Cost$)$: $$20,000$