The following Stockholders$’$ Equity section of the balance sheet prepared as of the end of the current year: 

 Prepare a corrected Stockholders' Equity section. Use the minus sign to indicate any values that are deducted on the statement.

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Paid-In Capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued) Excess Over Par Stockholders' Equity Paid-in Capital, Preferred Stock Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) Excess Over Par Paid-in Capital, Common Stock Total paid-in capital Retained Earnings Treasury stock (56,000 shares at cost) Total stockholders' equity Paid-In Capital: Preferred 2% stock, $60 par (94,000 shares authorized and issued) Excess Over Par Stockholders' Equity Paid-in Capital, Preferred Stock Common stock, $10 par (750,000 shares authorized, 619,000 shares issued) Excess Over Par Paid-in Capital, Common Stock Total paid-in capital Retained Earnings Treasury stock (56,000 shares at cost) Total stockholders' equity

Answer rating: 100% (QA)

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