The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010.
- 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 Value-Preferred Stock 679,000
- Preferred Stock (8%, $50 par, noncumulative) 800,000
- Retained Earnings 1,748,000
- Treasury Stock-Common (10,000 shares)
Prepare a stockholders' equity section at December 31, 2010. (For multiple entries, refer to the example on page 589 DO IT! in the textbook for the proper order.)