Ruth’s Chris Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company’s menu features a broad selection of high-quality USDA Prime grade steaks and other premium offerings. There were 100 Ruth’s Chris restaurants, of which 50 were company-owned and 50 were franchisee-owned, including 10 international franchisee-owned restaurants in Mexico, Hong Kong, Taiwan, and Canada. Information from the company’s annual report is shown below:
a. Common stock, par value $0.01, 100,000,000 shares authorized, 23,074,496 issued and outstanding at December 31, 2005; 23,237,630 issued and outstanding at December 31, 2006.
b. Additional paid-in capital $162, 567,000 in 2005 and $166,489,000 in 2006.
c. Accumulated deficit $122,533,000 in 2005.
d. Net income in 2006 was $23,790,000. No dividends were paid.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2006.

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