When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $101 per share, and 75,000 shares of the common stock were sold for $18 per share. At the end of the current year, Resisto has retained earnings of $382,000.

a. Prepare the stockholders equity section of the companys balance sheet at the end of the current year.

Balance Sheet (Partial) Stockholders' Equity Cumulative preferred stock Additional paid-in capital: Total paid-in capital $ 0 0: 0 Total stockholders' equity $ 0