The following is a list of selected accounts and ending account balances taken from the books of

Question:

The following is a list of selected accounts and ending account balances taken from the books of the Adams Company on December 31, 2007:
Account Title Amount
Premium on preferred stock .......... $ 17,000
................ 75,000
Premium on bonds payable ........... 4,000
Preferred stock ................ 80,000
Bonds payable ............... 100,000
Preferred stock subscribed ........... 20,000
Retained earnings .............. 121,000
Premium on common stock ........... 84,000
Additional information:
1. has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding.
2. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are outstanding. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative and callable at $130 per share.
3. Bonds payable mature on January 1, 2011. They carry a 12% annual interest rate, payable semiannually.

Required
Prepare the contributed capital section of the December 31, 2007 for the Adams Company. Include appropriate parenthetical notes.

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