Bruno Corporation's post-closing trial balance at December 31, 2008, was as follows.

At December 31, 2008, Bruno had the following number of common and preferred shares.

The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share.

Instructions
Prepare the stockholders' equity section of Bruno's balance sheet at December 31,2008.

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Bruno Corporation Post-Closing Trial Balance December 31, 2008 Dr. Cr. Accounts payable Accounts receivable Accumulated depreciation-building and equipment Additional paid-in capital-common $ 310,000 S 480,000 185,000 In excess of par value 1,300,000 160,000 30,000 300,000 From sale of treasury stock Allowance for doubtful accounts Bonds payable Building and equipment Cash Common stock ($1 par value) Dividends payable on preferred stock-cash Inventories Land Preferred stock ($50 par value) Prepaid expenses Retained earnings Treasury stock-common at cost 1,450,000 190,000 200,000 4,000 560,000 400,000 40,000 170,000 500,000 301,000 32000 $9290.000 Totals Common 600,000 200,000 190,000 Preferred Authorized Issued Outstanding 60,000 10,000 10,000