Question: Does the following answer look correct for chapter 15 problem 12 in the textbook "Intermediate Accounting (14th addition)" by Kieso Weygandt and Warfield? The formatting didn't hold when I pasted the answer from Google Docs, so really just check the numbers if you can! Thanks!

Penn Co.

Stockholders Equity

June 20th, 2013

Capital Stock

Preferred Stock, $25 par value, 8% cumulative, 100,000

shares authorized, 40,000 shares issued and outstanding $1,000,000

Common Stock, $10 par value, 300,000 shares authorized,

115,400 shares issued, 113,900 outstanding 1,154,000

Common stock dividend distributable, 110,000 shares 121,000

Preferred stock dividend distributable, 40,000 shares 120,000 Total capital stock 2,395,000

Additional paid-in capital

Excess over par - preferred $760,000

Excess over par - common 2,821,800

Excess over par - Treasury Stock 1,500 3,583,300

Total paid-in capital 5,978,300

Retained earnings 209,200

Total paid-in capital and retained earnings 6,187,500

Less: Cost of treasury stock (1,500 shares, common) (58,500)

Total stockholders' equity $6,129,000*

*Should be double underlined but I was unable to do so on the Google Drive.