The following accounts appear in the ledger of Paisan Inc. after the books are closed at December 31, 2017.

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

Instructions

Prepare the stockholders' equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion. (Use Note R).