Tsongas Manufacturing Co. has the following selected account balances at July 31, 2018:

Requirements

Prepare the stockholders? equity section of the company?s balance sheet.

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Common Stock, no par with $6 stated value, 75,000 shares authorized, issued, and outstanding Accumulated Depreciation, Machinery and Equipment... Retained Earnings. Inventory.. Machinery and Equipment .. Preferred Stock, 8%, $10 par, 20,000 shares authorized, 6,000 shares issued and outstanding . Paid-in Capital in Excess of Stated Value-Common.. Cost of Goods Sold. . $13,000 113,000 ...... $450,000 27,000 135,000 60,000 180,000 78,000