The following accounts and their balances appear in the ledger of Young Properties Inc. on November 30 of the current year:
Common Stock, $40 par ............................... $ 3,000,000
Paid-In Capital in Excess of Par .......................... 450,000
Paid-In Capital from Treasury Stock ..................... 125,000
Retained Earnings ....................................... 12,000,000
Treasury Stock ............................................. 520,000
Prepare the Stockholders' Equity section of the balance sheet as of November 30. One hundred thousand shares of common stock are authorized, and 10,000 shares have been reacquired.