The following stockholders’ equity accounts arranged alphabetically are in the ledger of Desiree Corporation at December 31, 2012.
Common Stock ($5 stated value).................. $2,000,000
Paid-in Capital from Treasury Stock................... 10,000
Paid-in Capital in Excess of Stated Value—Common Stock....... 1,600,000
Paid-in Capital in Excess of Par—Preferred Stock............. 679,000
Preferred Stock (8%, $50 par, noncumulative)............. 800,000
Retained Earnings........................ 1,748,000
Treasury Stock (10,000 common shares)............... 130,000
Instructions
Prepare a stockholders’ equity section at December 31, 2012.