The following stockholders equity accounts arranged alphabetically are in the ledger
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Selig Corporation at December 31, 2010.
Common Stock ($5 stated value, 800,000 shares authorized) .....$2,900,000
Paid-in Capital in Excess of Par Value—Preferred Stock ..........158,000
Paid-in Capital in Excess of Stated Value—Common Stock ........1,500,000
Preferred Stock (8%, $50 par, noncumulative, 50,000 shares authorized) ...900,000
Retained Earnings .......................1,958,000
Treasury Stock—Common (20,000 shares) ..............200,000
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2010.

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