Bruno Corporation’s post-closing trial balance at December 31, 2025, is as follows.

At December 31, 2025, 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, 2025.

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Bruno Corporation Post-Closing Trial Balance December 31, 2025 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings Treasury stock (common at cost) Totals Dr. $ 480,000 1,450,000 190,000 560,000 400,000 40,000 170,000 $3,290,000 Cr. $ 310,000 185,000 1,300,000 160,000 30,000 300,000 200,000 4,000 500,000 301,000 $3,290,000