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Stockholders' Equity Section of Balance Sheet Premium Imports Inc. retails racing products for BMWs, Porsches,...

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Stockholders' Equity Section of Balance Sheet Premium Imports Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the fedger of Premium Imports Inci on November 30, the end of the current fiscal year: A total of 500,000 shares of common stock are authorized. There are 62,000 shares of common stock heid as treasury ntock. Premium Imports Inc. Stockholders' Equity Section of the Balance Sheet November 30 Line Item Description Amount Amount Amount Paid-in capital: Common stock, $8 par ( 500,000 shares authorized, 400,000 shares issued) paid-in capital in excess of par Total paid-in capital from treasury stock V Total paid-in capital Retained eamings Total Deduct treasury common stock (62,000 shares at cost) y Total stockholders' equity

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