The following accounts appear in the ledger of Kallie Inc. after the books are closed at December 31.

Common Stock, no par, $1 stated value, 400,000 shares authorized;

300,000 shares issued....................... $ 300,000

Common Stock Dividends Distributable................. 30,000

Paid-in Capital in Excess of Stated Value—Common Stock........ 1,200,000

Preferred Stock, $5 par value, 8%, 40,000 shares authorized;

30,000 shares issued........................ 150,000

Retained Earnings........................ 800,000

Treasury Stock (10,000 common shares).................. 74,000

Paid-in Capital in Excess of Par—Preferred Stock............. 344,000

Instructions

Prepare the stockholders’ equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $100,000.