The following accounts appear in the ledger of Ozabal Inc. after the books are closed at December 31.

\section*{Instructions}
Prepare stockholders' equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of \(\$ 100,000\).

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Common Stock, no par, $1 stated value, 400,000 shares authorized; 300,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 30,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) $ 300,000 75,000 1,200,000 150,000 900,000 60,000 Paid-in Capital in Excess of Par Value-Preferred Stock 244,000