Current Attempt in Progress

Culver Corporation has issued $90,000$ shares of $$5$ par value common stock. It was authorized to sell $500,000$ shares. The paid$-$in capital in excess of par on common stock is $$260,000.$ The corporation has reacquired $7,400$ common shares at a cost of $$49,500$ and is currently holding those shares.

The corporation also has $1,800$ shares issued and outstanding of $9\%,$$$100$ par value preferred stock. It was authorized $9,100$ shares. The paid$-$in capital in excess of par value on the preferred stock is $$29,900.$ Retained earnings is $$375,000.$

Prepare the stockholders' equity section of the balance sheet. $($Enter account name only and do not provide descriptive information.$)$

CULVER CORPORATION

Balance Sheet $($Partial$)$Vc