Use the Eastern Corporation data in Exercise to prepare the stockholders equity section of the company’s balance sheet at December 31, 2011.
Common stock $1.50 par value per share,
1,700 million shares issued................ $ 2,550
Capital in excess of par value ................ 7,650
Retained earnings.................................. 260
Treasury stock, at cost.......................... (10)
Total stockholders equity................. $10,450