The following are selected accounts from the general ledger of the First Company on December 31, 2016. Show how the corporation's Stockholders' Equity section would appear on the December 31, 2016, balance sheet.
Common Stock, $20 par, authorized 14,000 shares, issued and outstanding 10,000 shares ......................... $200,000
Paid-in Capital in Excess of Par Value-Common ........................................................................... 18,000
Retained Earnings (debit balance) ............................................................................................. (34,000)