Reference no: EM133029289

Question - The following accounts are available for Martina Corp. on Dec 31, 2003.

Preferred stock, par value P100, 10,000 shares authorized Issued 5,000 shares P 500,000

Common stock, par value P50, 50,000 shares authorized, Issued 15 000 shares 750,000

Paid-in capital in excess of par value-preferred 15,000

Paid-in capital in excess of par value - common 35,000

Subscribed common stock (500 shares 50,000

Subscribed receivable - common 10,000

Subscribe preferred stock (1 000 shares) 100,000

Subscriptions receivable-preferred 40,000

Retained earnings 415,000

Treasury stock -common (2 000 shares at cost) 90,000

Required - Make Stockholders' Equity section of the Balance Sheet on Dec 31, 2003?