The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Selig Corporation at December 31, 2010.
Common Stock ($5 stated value, 800,000 shares authorized) .....$2,900,000
Paid-in Capital in Excess of Par Value—Preferred Stock ..........158,000
Paid-in Capital in Excess of Stated Value—Common Stock ........1,500,000
Preferred Stock (8%, $50 par, noncumulative, 50,000 shares authorized) ...900,000
Retained Earnings .......................1,958,000
Treasury Stock—Common (20,000 shares) ..............200,000
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2010.