Use the Blumenthal Corporation data in Exercise 10-25A to prepare the stockholders’ equity section of the company’s balance sheet at December 31, 2013.
Common stock $3.00 par value per share,
2,400 million shares issued................ $ 7,200
Capital in excess of par value ................ 7,200
Retained earnings.................................. 290
Treasury stock, at cost ............................. (80)
Total stockholders’ equity .................. $14,610