The following stockholders' equity accounts arranged alphabetically are in the ledger of Dublin Corporation at December 31, 1996:

\section*{Instructions}

(a) Prepare a stockholders' equity section at December 31, 1996.

(b) Compute the book value per share of the common stock, assuming the preferred stock has a call price of \(\$ 110\) per share.

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Common Stock ($10 stated value) $1,500,000 Paid-in Capital from Treasury Stock 6,000 Paid-in Capital in Excess of Stated Value-Common Stock 900,000 Paid-in Capital in Excess of Par Value-Preferred Stock 280,000 Preferred Stock (8%, $100 par, noncumulative) 400,000 Retained Earnings 1,134,000 Treasury Stock-Common (8,000 shares) 88,000