Hillcrest Corporation reported the following accounts: Prepare the stockholders' equity section of the Hillcrest balance sheet. Cost

Hillcrest Corporation reported the following accounts:

Prepare the stockholders' equity section of the Hillcrest balance sheet.

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Cost of goods sold $58.800 Accounts payable $ 6.000 Paid-in capital in excess of par 17,000 Retained earnings 16,000 Common stock, $1 par. Unearned revenue 5.200 40,000 shares issued 40,000 Total assets Cash 24,000 Long-term note payable 7.600