Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries.
Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired.
| Common Stock, $50 par |
$10,650,000 |
| Paid-In Capital from Sale of Treasury Stock |
320,000 |
| Paid-In Capital in Excess of Par-Common Stock |
3,190,000 |
| Retained Earnings |
19,200,000 |
| Treasury Stock |
981,500 |
| Common stock, $50 par (250,000 shares authorized, 182,500 shares issued) |
| Common stock, $50 par (250,000 shares authorized, 213,000 shares issued) |
| Dividends on common stock |
| Excess of issue price over par |
| From sale of treasury stock |
| Issuance of additional common stock |
| Net income |
| Purchase of treasury stock |
| Retained earnings |
| Total |
| Total paid-in capital |
| Total stockholders' equity |
| Treasury stock (15,100 shares at cost) |
|
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. "Deduct" will automatically appear if required.