You asked your new assistant, Jeffrey, to prepare the Stockholders€™ Equity section of the balance sheet. Following is a copy of the result. You know that the Total Liabilities amount is correct and that Total Stockholder€™s Equity should be $ 1,170,350. Check your assistant€™s work and comment on its accuracy and logic.
Prepare a corrected Stockholders€™ Equitysection.

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Total Liablties 3 786,175 Stockhokders Equity Paid-in Capital: Preferred 9 Percent Stock, $100 par (3,500 shares authorized, 2,539 shares issued) Prefered 9 Percent Stock Sutscribed $ 603.900 52.000 (520 shares) Paid-in Capital in Excess of Par Value Common Stock, no-par, stated value $20 par 6,120 662,020 share (35,000 shares authorized, 18,360 shares issued) $1,067,200 91.800 114.750 Common Stock Subscribed (4,590 shares) Paid-in Capital in Excess of Stated Value Total Paid-in Capital Retained Eamings Total Stockholders' Equity Total Liabilities and Stockholders Equity 1.273,750 $1,935,770o 284,590 1,651.190 $2.437365