Charlatans Corporation had the following stockholders' equity accounts at December 31.
|
Common stock ($1 par value)
|
$ 150,000
|
|
Preferred stock ($50 par value, 6%)
|
500,000
|
|
Paid-in Capital in Excess of Par-Common Stock
|
1,560,000
|
|
Paid-in Capital from Treasury Stock
|
250,000
|
|
Retained Earnings
|
340,000
|
|
Treasury stock-common at cost
|
190,000
|
At December 31, the number of common and preferred shares were:
|
Common
|
Preferred
|
|
Authorized
|
500,000
|
50,000
|
|
Issued
|
150,000
|
10,000
|
|
Outstanding
|
140,000
|
10,000
|
Instructions
Prepare the stockholders' equity section at December 31.