6:28 E. 1 HW 5 - Chapter 13.pdf - Read-only LO 2 4. Ease of ownership transfer 5. Government regulation Stockholders' Equity E2B. The accounts and balances that follow are from Little Corporation's records on December 31, 2014. Preferred Stock, $100 par value, 9 percent cumulative, 10,000 shares authorized, 3,000 shares issued and outstanding $300,000 Common Stock, $12 par value, 45,000 shares authorized, 15,000 shares issued, and 14,250 shares outstanding 180,000 Additional Paid-in Capital 97,000 Retained Earnings 11,500 Treasury Stock, Common (750 shares, at cost) 15,000 Prepare the stockholders' equity section of Little's balance sheet as of December 31, 2014. LO 2 Characteristics of Common and Preferred Stock