The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Borkowski Corporation at December 31, 2012.Common Stock ($5 stated value)…………… $1,700,000Paid-in Capital in Excess of Par—Preferred Stock……….. 280,000Paid-in Capital in Excess of Stated Value—Common Stock…….. 900,000Preferred Stock (8%, $100 par, noncumulative)………….500,000Retained Earnings…………………. 1,134,000Treasury Stock (10,000 common shares)…………. 120,000InstructionsPrepare the stockholders’ equity section of the balance sheet at December 31, 2012.View Solution:
The following stockholders equity accounts Borkowski Corporatio



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