The following accounts appear in the records of Paisan Inc. at December 31, 2022.

Instructions

Prepare the stockholders’ equity section at December 31.

Calculate ratios to evaluate dividend and earnings performance.

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Common Stock (no-par, $1 stated value, 400,000 shares authorized, 250,000 shares issued) 250,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,200,000 Preferred Stock ($50 par value, 8%, 40,000 shares authorized, 14,000 shares issued) 700,000 Retained Earnings 920,000 Treasury Stock (9,000 common shares) 64,000 Paid-in Capital in Excess of Par Value-Preferred Stock 24,000 Accumulated Other Comprehensive Loss 31,000