Use the Atlantic Corporation data in E10-29A to prepare the stockholders’ equity section of the company’s balance sheet at December 31, 2019.

Data from E10-29A

At December 31, 2018, Atlantic Corporation reported the stockholders’ equity accounts shown here (with dollar amounts in millions, except per-share amounts).

Common stock $3.00 par value per share,
21 million shares issued................................ $ 63
Paid-in capital in excess of par value ............. 32
Retained earnings........................................... 245
Treasury stock, at cost ................................... (20)
Total stockholders’ equity ........................... $320

Atlantic’s 2019 transactions included

a. Net income, $440 million

b. Issuance of 4 million shares of common stock for $14.00 per share

c. Purchase of 5 million shares of treasury stock for $60 million

d. Sold 2 million of the treasury shares purchased in part c for $28 million

e. Declaration and payment of cash dividends of $32 million