STOCKHOLDERS’ EQUITY SECTION After closing its books on December 31, Pro Parts’ stockholders’ equity accounts had the following balances:

Common stock subscriptions receivable……………………….$ 4,000

Common stock, $5 par, 10,000 shares…………………………..50,000

Preferred stock, $10 par, 5%, 5,000 shares……………………...50,000

Common stock subscribed, $5 par, 2,000 shares………………..10,000

Retained earnings……………………………………………….25,000

Prepare the stockholders’ equity section of the balance sheet.