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  3. preferred stock: 10%, $200 par value; 7,000 shares

Preferred Stock: 10%, $200 par value; 7,000 shares authorized; 3,200 shares issued and outstanding; Paid-in...

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Accounting

Preferred Stock: 10%, $200 par value; 7,000 shares authorized; 3,200 shares issued and outstanding; Paid-in Capital in Excess of Par ValuePreferred Stock, $9,600. Common Stock: $60 par value; 20,000 shares authorized; 9,500 shares issued and outstanding; Paid-in Capital in Excess of Par ValueCommon Stock, $11,400. Retained Earnings: Total, $125,000; appropriated for warehouse construction, $50,000.

Using this information, prepare the Stockholders Equity section of the corporations balance sheet

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