Using the following data, prepare a statement of stockholders equity for the company Paid in capital in excess of par, common stock $492,000 Retained earnings 200,000 Common stock ($1 par value, 8,400 shares issued, 8,000 outstanding) 8,000 Treasury stock (400 shares of $1 common at cost of $45) 18...

Contributed capital Preferred stock 20 par value 2500 shares issued and out standing 500 ...

Using the following data, prepare a statement of stockholders equity for the company. Paid-in capital in excess

Question:

Using the following data, prepare a statement of stockholders’ equity for the company.
Paid-in capital in excess of par, . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $492,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000
Common stock ($1 par value, 8,400 shares issued, 8,000 outstanding) . . . . . . . . . . . . . . . 8,000
Treasury stock (400 shares of $1 common at cost of $45) . . . . . . . . . . . . . . . . . . . . . . . . 18,000
Preferred stock ($20 par value, 2,500 shares issued and outstanding) . . . . . . . . . . . . . . . 50,000

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...