Prepare a corrected Stockholders' Equity section using Method 1 of Exhibit 9. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted negative numbers use a minus sign 1 Paid-in capital: Preferred 2% stock $80 par 3 (125,000 shares authorized and issued) 4 Excess of issue price over par Paid-in capital, preferred stock Retained earnings 7 Treasury stock (75,000 shares at cost) Dividends payable Stockholders' Equity $10,000,000.00 500,000.00 $10,500,000.00 96,700,000.00 1,755,000.00 430,000.00 $109,385,000.00 Total paid-in capital 10 Common stock, $20 par 11 12 Organizing costs (1,000,000 shares authorized, 825,000 shares issued) 13 Total stockholders' equity 17,655,000.00 300,000.00 $127,340,00000 Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions Stockholders' Equity Prepare a corrected Stockholders' Equity section using Method 1 of Exhibit 9. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted negative numbers use a minus sign. 1 Paid-in capital: 2 4 . 10 12 Stockholders' Equity