Reference no: EM132179769

Question - Complete the Stockholders' Equity Section using the following information as of December 31, 20x8. Points will be given for report structure and content.

i. Preferred Stock, ($10 par value, 8% noncumulative, 40,000 shares authorized, 10,000 shares issued and outstanding).

ii. Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and 99,000 outstanding).

iii. Treasury Stock is 1,000 shares of reacquired common stock for $20 each.

iv. Paid-in Capital in Excess of par, Common $500,000.

v. Paid-in Capital in Excess of par, Preferred $200,000.

vi. Retained Earnings $800,000.