Using the following data, prepare a statement of stockholders’ equity for the company.
Paid-in capital in excess of par, common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $492,000
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000
Common stock ($1 par value, 8,400 shares issued, 8,000 outstanding) . . . . . . . . . . . . . . . 8,000
Treasury stock (400 shares of $1 common at cost of $45) . . . . . . . . . . . . . . . . . . . . . . . . 18,000
Preferred stock ($20 par value, 2,500 shares issued and outstanding) . . . . . . . . . . . . . . . 50,000