Bukala Manufacturing, Co., has the following selected account balances at January 31, 2012.

Requirement
1. Prepare the stockholders€™ equity section of the company€™s balance sheet.

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Common Stock, no par with Inventory S 13,000 Machinery and Equipment113,000 ... $6 stated value, 50,000 shares authorized, issued, and outstanding$300,000 Preferred Stock, 5%, $10 par. 20,000 shares authorized, 13,000 shares issued and Accumulated Depreciation Machinery and Equipment. 51,000 outstandin130,000 Retained Earnings S130,000 Paid-in Capital in Excess of Stated Value -Common..70,000 Cost of Goods Sold 90,000