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Prepare a stockholder's equity section of the balance sheet in proper format using the following information....

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Accounting

Prepare a stockholder's equity section of the balance sheet inproper format using the following information. (Remember treasurystock is common stock)

  Poppa Inc. was organized and authorized to issue25,000 shares of $500 par value, 4% percent preferred stock, and250,000 shares of $6 par value common stock on July 1, 2019

a.       Issued 1,200 sharesof preferred stock

b.       APIC – preferred15,000

c.       Issued 60,000 sharesof common stock

d.       APIC-Common194,000

e.       Had 3,000 shares oftreasury stock at a cost of 30,000

f.        APIC-Treasury4,200

g.       Retained earningshad a balance of 23,000

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