On December 31, West world Inc. has the following equity accounts and balances: Retained Earnings, $45,000; Common

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On December 31, West world Inc. has the following equity accounts and balances: Retained Earnings, $45,000; Common Stock, $1,000; Treasury Stock, $2,000; Paid-In Capital in Excess of Par Value, Common Stock, $39,000; Preferred Stock,$7,000; and Paid-In Capital in Excess of Par Value, Preferred Stock, $3,000. Prepare the stockholders’ equity section of West world’s balance sheet.

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